ThePennyStalker
Long

Pound/Yen possibly reaching for July resistance.

OANDA:GBPJPY   GBP/JPY
Expecting trend continuation to reach upper resistance at 142.214. That level was previous resistance back in July. I believe this is a Wedge Continuation type of move and will drop once reaching that resistance level.

There was some previous divergence seen in both RSI and MACD but it's become convergent over the last few days and now it appears to becoming divergent once again. I'm thinking this uptrend will becoming to an end soon and that's my basis for my opinion this pair will drop.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out