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British Pound / Japanese Yen
Education
Updated

Weekly Predictions (Mar 4 - 8)

121
- RSI and Stochastic Oscillator both indicating pair is overbought
- Pair approaching strong resistance 149.5 (price has been unable to cross and close since May 2018)
Note
4-hr chart

snapshot
- RSI and Stochastic Oscillator both indicating pair is overbought
- Possible head and shoulders pattern developing
Note
- Predictions: Pair may find it way to 149.5 where it might consolidate for a while before going into a downwards trend go
- Since pair is not consolidating, EMA STRATEGY on 30-mins chart may be applicable during the week
Naomi293
4hrchartdailychartforecastGBPJPYOscillatorspredictionsSupport and Resistance

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4hrchartdailychartforecastGBPJPYOscillatorspredictionsSupport and Resistance
Naomi293

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.