Bearish rising wedge GBPJPY

60
Looks like after a bearish period the price has started to consolidate and form a rising wedge. The price is very likely to breakout the bottom of this rising wedge, this can also be seen as the RSI is in a very good position for a downward movement. The price has just tested the resistance of the wedge and is very likely to move down towards the support, watch out for signals of the price breaking this support.

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