Hello everyone! GBP/JPY's bullish rally has run out of steam and
price is slowly descending to the downside here.
📌At present, we are noticing the formation of a wedge-like pattern
in the daily chart of GBP/JPY.
📌Despite this, the uptrend may be short-lived as price may fall
to 179 in the coming days.
📌My recommendation is to sell the rallies in GBP/JPY. If price spikes
to 184 or 185 levels, I would consider selling GBP/JPY
price is slowly descending to the downside here.
📌At present, we are noticing the formation of a wedge-like pattern
in the daily chart of GBP/JPY.
📌Despite this, the uptrend may be short-lived as price may fall
to 179 in the coming days.
📌My recommendation is to sell the rallies in GBP/JPY. If price spikes
to 184 or 185 levels, I would consider selling GBP/JPY
Will wait for 184.50 or 185.30 for selling