W/C 18TH SEP ANALYSIS: GBPJPY
We can see that GBPJPY has recently broken its positive trend line and started to establish bearish nature. I have established a descending triangle with a targeted entry:182.644.
Reasons to take:
- Stochastic is downward facing, below 50, oversold (%D is currently touching %K so waiting for it to be above).
- Momentum is declining and negative.
- Riding it’s lower BB
Reasons to take:
- Stochastic is downward facing, below 50, oversold (%D is currently touching %K so waiting for it to be above).
- Momentum is declining and negative.
- Riding it’s lower BB
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.