Currently, GBP/JPY is trading at 133.15. The pair started a sideways trend on 12 April after rebounding from the resistance level and now the price is consolidating in the resistance and support wedges. If the price breaks the resistance level at 135.45, then it may touch its resistance zone at 141.69. Although, if the price breaks its support level at 131.91, then it may touch its support zone at 125.56.
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Rishikesh Lilawat
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Thank you,
Rishikesh Lilawat