GBP JPY broken out from a Flag - expecting short term bearish mo
GBP and JPY both saw some gains last week, JPY based on the Dollar weakness from inflation data on Friday.
It has been consolidating in a range as above since the large move up. Forming a Flag,
Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of last week, and there is a lot going on in regards to Brexit and Thersa May not getting on with a lot of her current MP's
If you want to find out more about understanding Fundamental and Technical Analysis then find our page at Elite Trading Group - Facebook ETGFX Twitter
It has been consolidating in a range as above since the large move up. Forming a Flag,
Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of last week, and there is a lot going on in regards to Brexit and Thersa May not getting on with a lot of her current MP's
If you want to find out more about understanding Fundamental and Technical Analysis then find our page at Elite Trading Group - Facebook ETGFX Twitter
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.