Pefect pattern at 2 lower resistances, indicating reversal. If it breaks the neckline, first target is 42...
My bet is on short side becouse I think it's only consolidation before another bigger move down. It has also broken a doubble top neckline on a daily timeframe also bearish... if you want to play it safe wait for breakout..
Price is testing resistance at the top, but considering the development of the wedge, it could go another leg down. Anyway if you are on the short side it is a great r:r bet...
Wait for the breakout and trade accordingly
A breakout is about to happen. Wait for conformation, retracement and go long...
Wait for a breakout, retracement and a rally up to 2580...
It broke the wedge to the upside, probably a rally to the blue line, than down a bit...
The technicals show a move to the downside. Coiled rsi and stochastics, on the top of a doubble wedge, rounded top, rsi divergence on 1h. Still a push to 2515 possible... we will see...
The pattern is close to a third touch of higher resistance at 12650 where a vertical resistance also lies. The pattern usualy breaks downward, we will see... a nice setup anyway..
There is a double top forming with a clear divergence on RSI, suggesting a pullback.If the neckline is broken, first target is the red line, second is the 80s area, where a bigger restitance is.
If break of the neckline happens, first target is the red 37. the second 34ish area
Usd/jpy is moving inside a channel. If confirmed on monday we will have a bullish daily divergence and a trendline bounce at the same time... several days rally expected
These divergences appearing on all gbp pairs...if confirmed on monday the taget is overbought stochastics or the red line as a top...