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British Pound / Japanese Yen
Short
Updated

GBPJPY - SHORT - RISING WEDGE + RSI

464
RSI Divergence to indicate buyers are running out of steam

Bounced of monthly resistance

Rising Wedge is to indicate sellers are taking over

Overall target is base of pattern + monthly support
Note
GBP WEIGHTED AVERAGE ON TECHNICALS AND FUNDAMENTALLY CLEARING SHOWING it's GOING TO DROP

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Note
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YEN WEIGHTED AVERAGE
Note
S&P 500

S&P 500 - SHORT - WEDGE PATTERN - RSI DIVERGENCE
 (POSITIVE CORRELATION) THIS CORRELATES WITH THE YEN...
Note
I AM EXPECTING FTSE100 TO BOUNCE UP FROM THE 3RD TOUCH OF THIS ASCENDING CHANNEL WHICH WILL WEAKEN THE POUND AS THEY BOTH HAVE AN INVERSE CORRELATED RELATIONSHIP

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Note
NIKKEI 225

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Trade closed: target reached
zorrays
Also on:
ForexfxGBPJPYgbpjpyshortMultiple Time Frame AnalysispoundRelative Strength Index (RSI)Support and ResistanceWedgeyen

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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.
ForexfxGBPJPYgbpjpyshortMultiple Time Frame AnalysispoundRelative Strength Index (RSI)Support and ResistanceWedgeyen
zorrays
Also on:

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.