GBPJPY - To sell a rising wedge.
GBPJPY - Intraday - We look to Sell a break of 154.43 (stop at 154.76)
We are trading close to the end of an ascending Ending Wedge Formation.
The bias is to break to the downside.
A break of yesterdays low would confirm bearish momentum.
Yesterday's rejection of gains from 155.30 saw an aggressive swing lower to support at 154.45.
Our profit targets will be 153.52 and 153.32
Resistance: 155.00 / 155.30 / 155.50
Support: 154.60 / 154.40 / 154.00
We are trading close to the end of an ascending Ending Wedge Formation.
The bias is to break to the downside.
A break of yesterdays low would confirm bearish momentum.
Yesterday's rejection of gains from 155.30 saw an aggressive swing lower to support at 154.45.
Our profit targets will be 153.52 and 153.32
Resistance: 155.00 / 155.30 / 155.50
Support: 154.60 / 154.40 / 154.00
