GBPJPY Weekly Outlook 0th November 2017
We have seen the pair have a bullish run and have some corrective waves form. This has given us a very bullish looking Flag / pennant formation.
Price has been respecting the ascending daily trend line creating Higher Highs and Higher lows. The is some further confluence with a 0.618 fib at the trend line and where price has recently rejected and fail to break lower.
This could be a abc wave up to recent daily highs of 152.800
Price has been respecting the ascending daily trend line creating Higher Highs and Higher lows. The is some further confluence with a 0.618 fib at the trend line and where price has recently rejected and fail to break lower.
This could be a abc wave up to recent daily highs of 152.800
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.