TradingView
nkwarteng
Apr 26, 2020 9:43 PM

GBP/JPY Short Short

British Pound/Japanese YenFXCM

Description

Having observed the UK's climb with Japan over the past week, the climb has hit my indicators, and the horizontal trend may have called for a risky, yet opportunist moment for some small quick gains, this may continue.

RSI has indicated a signifcantly high strength and the ever so amazing elastic band theory enables us to clearly see a potential fall.

From the analysis, you can see the momentum of the market is pushing the pairs high, thus anticipation for a decline.

If you have any pointers on how I can improve my analysis, I am all for critical feedback.
More