GBPJPY - squeeze into continuation
Yen has been weak across all other currencies.
Sterling has had one of the best performances against it.
Will it continue? We shall see.
The chart favors continuation in my opinion, even though we are witnessing a rising wedge formation, which typically breaks to the downside. There are times also when it does the opposite. Also take note of the similar type of pattern we had in the beginning of June.
Sterling has had one of the best performances against it.
Will it continue? We shall see.
The chart favors continuation in my opinion, even though we are witnessing a rising wedge formation, which typically breaks to the downside. There are times also when it does the opposite. Also take note of the similar type of pattern we had in the beginning of June.
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