If this remains in the wedge we should see another touch of resistance from 2016 high. (possible breakout up or down over the next month or 2.

If we see a breakdown down from this wedge this week it could lead to further downside long term in the pair which could set new lows for this year.

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Trendline is holding well so far.
Chart PatternsGBPGBPJPYjpyTrend Analysis

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