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.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.