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nelsyboy
Apr 10, 2023 7:01 PM

GBP/JPY Possible Path Short

British Pound/Japanese YenFXCM

Description

A meaningful trend line in place with divergence showing in both the momentum indicator and stochastic, it looks possible that the upward momentum is slowing. It will be interesting to see what happens if the price does indeed reach the trend line.
Comments
JOE_BIDEN_
Perfect
nelsyboy
@japa, Thank you. It looks good on the chart. None of the indicators suggest it will happen. It's just a pattern that might happen.
JOE_BIDEN_
@nelsyboy, It will happen. Best wishes.
nelsyboy
@japa, Good luck to you if you trade it.
truthfulTuna59647
buy power
nelsyboy
@truthfulTuna59647, There is a 50% chance of that.
truthfulTuna59647
gbpjay. High
ibrar550
will be interesting tomorrow with volume coming back to normal along with bearish data from Japan and bearish comments by the new finance minister
nelsyboy
@ibrar550, Thank you for your comment. I believe that it is only unexpected news that might change a market's action. Tomorrow's expectations are already priced in days/weeks before hand. You are right though, tomorrow's chart will be interesting.
ibrar550
@nelsyboy nfp volume will be in tomorrow to, hopefully it drops haaaaaard
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