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Andrew's Pitchfork

GBP/JPY beginning of a starling?We want to highlight the situation with this change from the chart. From time frame daily there is an interesting Andrews fork , whose upper parallel line of 0.5 to the median line coincides about with a maxium in mid-December, where, as is well-known, the price has undergone a bearish inversion. We underline how RSI is on a level where in the past physiological corrections have occurred, including probably gains from profits. By shaking time on a 4h time horizon ( imagine below ) , we can notice how it is forming a sort of rising wedge. If the price does not reach the area from that we intend to go short, we could always take position confirming the breakout of this figure. As a minimum target a likely return to the 145 (past resistance zone, Fibonacci, median line).
Short
by gongambol
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