GBPJPY - Will News Break the Flag?
I don't think this will play out like I had drawn up several days ago.
What I see is a Pole, Flag pattern. I think tonight it will move slowly up, possible another 40 pips to 146.00.
Tomorrow 7 am we have GBP news of ....
MPC Official Bank Rate Votes (red)
Monetary Policy Summary (red)
Official Bank Rate (Red)
MPC Asset Purchase Facility Votes (orange)
Asset Purchase Facility (yellow)
I think it will be the Bank Rate that will push the pair bearish, breaking the FLAG, continuing the TRUE Trend.
What I see is a Pole, Flag pattern. I think tonight it will move slowly up, possible another 40 pips to 146.00.
Tomorrow 7 am we have GBP news of ....
MPC Official Bank Rate Votes (red)
Monetary Policy Summary (red)
Official Bank Rate (Red)
MPC Asset Purchase Facility Votes (orange)
Asset Purchase Facility (yellow)
I think it will be the Bank Rate that will push the pair bearish, breaking the FLAG, continuing the TRUE Trend.
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.