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Nice wedge, inverted flag, bearish pennant what ever you want to call it.
Typically we would say this indicates a bearish move however with April's trendline which has been confirmed twice as being a valied trendline is now broke, therefore I'm expect a retest and and bullish rally to complete the right shoulder.
Stochastic is making higher lows along with...
Hey,
Thought I would publish my thought on GBPJPY .
It's too complex to describe in details and as they say a picture paints a thousand words; in summary we will see impulse moves to the upside in the coming weeks, subsequently pulling back towards the downside.
Any questions direct message me and feel free to give feedback on my technical analysis it would...