1) MACD cross 2) RSI signaled LONG 3) Waiting for CCI to cross LONG 4) Bouncing off of last month's resistance 5) Coming off of a generally placed bullish trend (the pitchfork) 6) Danske Bank went LONG from their last night's posting at 174.15, looking for 179.20, with STOP at 173.30.
Alternatively, wait to go LONG on 1) Second RSI and MACD fast length dip (things generally come in two) 2) Wait for the pricing to get closer to Danske's STOP, i.e. the pair is still bullish even though it wades into the pitchfork.
GBPJPY generally follows USDJPY - FOMC tomorrow, people expect good things...
Comments
tradingformoney
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its right at a support/resistance level.
on the daily chart price retraced to the tenkan
i think it may retest the 174.782 level to be conservative
or it may go towards the 175.336 zone.
its bulllish on both the weekly and daily chart.
on the third of july it completed a v wave price formation.
An it looks to be retracing back to a v wave currently.
on the daily chart price retraced to the tenkan
i think it may retest the 174.782 level to be conservative
or it may go towards the 175.336 zone.
its bulllish on both the weekly and daily chart.
on the third of july it completed a v wave price formation.
An it looks to be retracing back to a v wave currently.
good luck