GbpJpy- Where to sell?
Since the 168.50 top reached in April, GbpJpy has started to trade in a range with a bottom of around 160 zones. Now the pair is approaching the higher boundary of the range and this can offer a good opportunity for bears.
Also, the rise from 162 is a rising wedge that can be a signal that bulls are getting tired. Selling around 168 can have a good 1:3 R: R and a new high would negate this scenario. #OPINIONLEADER#
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