British Pound / Japanese YenUpdated GBPJPY range narrowing
Upward trend from October 2016 has produced many channels/wedges that have been narrowing over time.
Another breakout to the upside coming? Or a rebound back towards parallel mid line?
Some economic data coming tuesday for JPY in the form of cash earnings and consumer confidence & wednesday for GBP with industrial and manufacturing production.
See if this rebound continues when markets open
Another breakout to the upside coming? Or a rebound back towards parallel mid line?
Some economic data coming tuesday for JPY in the form of cash earnings and consumer confidence & wednesday for GBP with industrial and manufacturing production.
See if this rebound continues when markets open
Note
Downside opening up after BOJ begins to taper "bond purchasing" i.e. QE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.