The currency pair is trading in the range of the upper border of the descending price channel. The ascending H1 level pattern is truncated. Awesome Oscillator shows a Bearish divergence, while Stochastic Oscillator signals an overbought condition.
: trade the GBPJPY currency pair.
Trading idea:
Sell …
The pair is supported by China’s growing demand for the Australian ore. Strong economic data from Australia and positive sentiment on the markets amid the weak US dollar stimulates the pair’s growth.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI …
#ETN
The overall trend is upward. The assumed correction is approaching the lower border of the ascending price channel. Awesome Oscillator shows a Bullish Divergence, while the Stochastic Oscillator signals an oversold condition. A breakout of the upper border of the downward internal price channel will give an opportunity for …
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