GBPJPY Retracement
Looks like this has hit a nice bit of resistance. It is looking like it may break the red support line and travel near the purple line. 50 EMA on the 4H shows that price hasn't met with the 50 EMA in a while. 1H shows that price hasn't seen the 200 EMA in a while. SO I am thinking that it may be met near the purple support which is weekly BTW.
Also the Pound has been seen as weaker after the BoE had someone speak today 9-18-17 1600 BST or 1100 EST which tells me they may be taking a dovish approach even in the upcoming meetings they have this week.
Also the Pound has been seen as weaker after the BoE had someone speak today 9-18-17 1600 BST or 1100 EST which tells me they may be taking a dovish approach even in the upcoming meetings they have this week.
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.