GBPJPY - SHORT - RISING WEDGE + RSI

Short

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

Support and Resistance Wedge Multiple Time Frame Analysis GBPJPY gbpjpyshort Forex fx yen pound Relative Strength Index (RSI)

supportandresistance wedgepattern mtfa gbpjpy gbpjpyshort forex fx yen pound relativestrengthindex

RSI Divergence to indicate buyers are running out of steam

Bounced of monthly resistance

Rising Wedge is to indicate sellers are taking over

Overall target is base of pattern + monthly support

Comment:

GBP WEIGHTED AVERAGE ON TECHNICALS AND FUNDAMENTALLY CLEARING SHOWING it's GOING TO DROP

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Comment:

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YEN WEIGHTED AVERAGE

Comment:

S&P 500

S&P 500 - SHORT - WEDGE PATTERN - RSI DIVERGENCE

(POSITIVE CORRELATION) THIS CORRELATES WITH THE YEN...

Comment:

I AM EXPECTING FTSE100 TO BOUNCE UP FROM THE 3RD TOUCH OF THIS ASCENDING CHANNEL WHICH WILL WEAKEN THE POUND AS THEY BOTH HAVE AN INVERSE CORRELATED RELATIONSHIP

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Comment:

NIKKEI 225

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Trade closed: target reached

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about GBPJPY

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