GBP/JPY-Daily overview
Hello everyone!
-On a daily chart, we can see that the price reached a strong resistance line(we had plenty of rejections).
-We can see that the price and Stochastic indicator formed a nice bearish hidden divergence and that is a sign that the trend might continue moving in that direction.
-On a weekly base, GBP is a little bit stronger than JPY and on a daily base, GBP is the weakest currency.
If JPY gains more power than GBP then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a daily chart, we can see that the price reached a strong resistance line(we had plenty of rejections).
-We can see that the price and Stochastic indicator formed a nice bearish hidden divergence and that is a sign that the trend might continue moving in that direction.
-On a weekly base, GBP is a little bit stronger than JPY and on a daily base, GBP is the weakest currency.
If JPY gains more power than GBP then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.