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olly48
Feb 10, 2021 10:21 AM

GBP/JPY Pushing Past Resistance Long

British Pound / Japanese YenFOREX.com

Description

Looking like weakness in JPY and strength in GBP at the moment which combined should push this higher. We are currently at resistance and price is looking bullish so i expect this to push on. MACD and EMA's suggest this is only going up. Targeting the previous high of 147.961. SL just below support.
Comments
Rtradez
It’s not going there now it’s overbought
olly48
@Rtradez, can always go more overbought. Also if you check the last time it was overbought on the daily it only slightly dropped before continuing higher
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