GBPJPY: Expecting further strength
Pound has been in a long term downtrend, however breaking weekly highs and general sterling strength I believe we will see momentum continue to build an push this pair up to monthly highs.
I think the Yen will start to improve against the dollar due to dollar weakness, this generally means that other crosses perform well against it, and we're seeing this with the likes of the Aussie.
I'm seeing a rising dynamic trendline on the 4HR that I believe will be tested and respected, so I'll likely be going in on a LTF confirmation around the rising trendline.
I think the Yen will start to improve against the dollar due to dollar weakness, this generally means that other crosses perform well against it, and we're seeing this with the likes of the Aussie.
I'm seeing a rising dynamic trendline on the 4HR that I believe will be tested and respected, so I'll likely be going in on a LTF confirmation around the rising trendline.
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.