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19 Aug 2016
GBP/JPY mid-term buyers gaining momentum
On the 4H GBP/JPY chart, the MACD has moved above zero denoting an uptrend.
Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push GBP/JPY higher.
Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push GBP/JPY higher.