From my analysis the pound yen pair has a down trend over the next couple days for this week. The following numerical and alphabetical symbols identify a pattern I have found on the 1 hour chart. The RSI is also indicating a down trend which may or may not continue to next week. On a bigger scale the pound against the yen has created a down trend for the last 14 days ever since the 8th of October. Therefore concluding this pair to be going short.
Please let me know what your thoughts are! :)
Please let me know what your thoughts are! :)