I feel that GBPJPY will be reaching for the stars this week for several reasons. The price is oversold on the RSI Stochastic indicator as well as a crossover of the EMA to the upside. It looks like a bull flag could be forming. Price has continued its recent uptrend since October 2016. It seems to be respecting a trendline and may be starting another take off following a pullback in February 2018. The Great Brithish Pound is looking good for the week for a positive bullish sentiment.
Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts.
Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts.