Either a rebound or a breakout imminent on GBPJPY

GBPJPY is heading towards the support line of a Falling Wedge. If this movement continues, the price of GBPJPY could test 161.6020 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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