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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.