Upward trend from October 2016 has produced many channels/wedges that have been narrowing over time.
Another breakout to the upside coming? Or a rebound back towards parallel mid line?
Some economic data coming tuesday for JPY in the form of cash earnings and consumer confidence & wednesday for GBP with industrial and manufacturing production.
See if this rebound continues when markets open
Another breakout to the upside coming? Or a rebound back towards parallel mid line?
Some economic data coming tuesday for JPY in the form of cash earnings and consumer confidence & wednesday for GBP with industrial and manufacturing production.
Commento:
Downside opening up after BOJ begins to taper "bond purchasing" i.e. QE