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dead2live
May 29, 2016 9:37 AM

GBPJPY WAITING 

British Pound/Japanese YenFXCM

Description

GBP value precarious upon rumors, still. Little confidence in sustainability of existing strength.
Not sufficiently knowledgeable regarding Yen macroeconomics.

Respecting 100 SMA and ready to move.
Price is located in ranging on Weekly Chart.
Long-term divergence.
Price action move is likely.
Unwilling to predict.
Worthy of looking for other signals to price direction.
Move is usually significant when not ranging.
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