I trade only EurUsd, but a friend asked me regarding GBPJPY ...
I see divergencies between the price and MACD + RSI.
I would closely watch the upper trendline. Today we just tagged it . If we close above the trendline (RED) price should rally to the 100 EMA.
If this time we cannot break the trendline we will come back to 150 and the next try will take out the trendline.
I see divergencies between the price and MACD + RSI.
I would closely watch the upper trendline. Today we just tagged it . If we close above the trendline (RED) price should rally to the 100 EMA.
If this time we cannot break the trendline we will come back to 150 and the next try will take out the trendline.
Note
Trendline is broken.Plenty of room to the upside.
Note
JPY is correlating with gold for a long time now.Sometmes JPY weakness signals the upcoming weakness of gold.
This is exactly happening now.
Investors are coming out of JPY and GOLD now and enetering into stocks.
Another reason not to short the stocks ....
Note
Broken out earlier.STill too many shorts....
THey are covering again.
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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.