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GBPJPY Breakout From Falling Wedge.

Paun British / Yen Jepun (FX:GBPJPY)  
Fx_Trader_ViSa  
FX:GBPJPY   Paun British / Yen Jepun
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY gbpjpyanalysis pound yen dollar Forex forexsignals forextrading Technical Analysis
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trendanalysis harmonicpatterns chartpattern gbpjpy gbpjpyanalysis pound yen dollar forex forexsignals forextrading technicalanalysis
GBPJPY was trading in a falling wedge pattern and now it has given a good breakout from the pattern on the upside, but this upside can be limited in GBPJPY as the price will face multiple resistances on the upside. If long trade initiated on GBPJPY, one should Book Profit at the resistance level, keeping stop loss just below the resistance of the falling wedge pattern.

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