Emerging Rising Wedge detected on GBPJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 200.0045 and it is expected to move to 200.7750.
After testing the resistance line numerous times, GBPJPY is once again approaching this line. Can we expect a bullish trend to follow?
