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GBPJPY DECLINE SOONER OR LATER

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On the Daily we see a clear uiptrend. However, Price is converging creating a rising wedge pattern. Conservatively we wait for price to break the last low that was formed before entering a sell but aggressively we want to enter our sell trade where Market open leaves a gp to filll @199.74 wit ha 95 pips stop loss and a 240 pips TP. should our bullish trendline be broken then we wait for retest to sell price down to 195.186

On the buy side we want to see a breakout and close above our last high for trend continuation.
A retest of that breakout is an ideal entry point for our buy trade @ 199.402 with 110 pips stop loss and 2RR

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