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chastic

Look Out For The Breakout

British Pound / Japanese Yen (FX:GBPJPY)  
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FX:GBPJPY   British Pound / Japanese Yen
GBP jpy GBPJPY gbpjpyshort gbpjpylong gbpjpy_outlook gbpjpydaily gbpjpyprediction gbpjpyanalysis gbpjpyforecast
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gbp jpy gbpjpy gbpjpyshort gbpjpylong gbpjpy_outlook gbpjpydaily gbpjpyprediction gbpjpyanalysis gbpjpyforecast
JPY posted mixed economic figures, while GBP is not posting anything of importance today. A falling wedge has formed and is looking to breakout momentarily. Stochastic crossing close the the 20. mark. RSI and MACD rising. Note the strong support 2017-03-09 (see volume on the day).
My best guess it's a bullish breakout, if any. Yet, I'm waiting for the confirmation first.

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