Last Tuesday we discussed how the Gbpjpy was under pressure following a break of key support. The 143.00 area is the intersection of a critical horizontal level and a trend line that extends from the 2016 low. A look at the bigger picture shows a wedge pattern that has been developing since late last year. […]

The post GBPJPY Likely to Mean Revert Before Next Leg Lower appeared first on Daily Price Action.