GBP/JPY
Looking at the chart, An RSI Divergence was formed in the weekly timeframe and also in the daily and the market is a a major resistance levelin the weekly and also an OB zone in the monthly timeframe. Am expecting for that divergence to hold, and I have my setups which I use in confirming if the divergence will go long or not but since we are at the order block zone in the monthly timeframe am expecting the movement to go at least 1500pips to 2000pips.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.