GBPJPY rising wedge (potential bearish reversal)

Short

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

GBPJPY has been in a short-term rising wedge for the past 3 hours. With current breakout we could see a bearish reversal on the 5M and 15M charts.

Comment:

There is also bearish divergence as you can see on RSI.

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