GBP/JPY forming a solid price pattern on support
A breakout (seen as likely lower) appears to be very near
The British Pound has been on the move a bit against the US Dollar, but appears poised to do so soon versus the Japanese Yen. GBP/JPY has been coiling up since the general election spike back on December 13. The price action is forming a descending wedge.
Moving average crossovers are always interesting, so let’s start there: ZAR/JPY crossed below its 100 and 200 day moving averages yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 3.7 pips away. Related to...
After the October and December bullish impulses, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The NFP came in better than expected at 225K vs 160K forecast by analysts; giving an extra boost to USD.
GBP/USD is under bearish pressure as the spot is trying to break the 1.2900 figure for a monthly close...
Lower High's and Lower Low's on longer term timeframes for a company with a lot of debt heading into an increasing Interest Rate environment. Heading into earnings any news good or bad should be sold into, as increasing subscription fee's are a good excuse for a nice short squeeze.
Pretty astonishing given the historical relationship between $Gold and $Silver as to what opportunities are presenting themselves right now. YouTube video will be out this week providing a full explanation given current uncertainty with the DOW.
“Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money" - Warren Buffett
