Pound/Yen possibly reaching for July resistance.
Expecting trend continuation to reach upper resistance at 142.214. That level was previous resistance back in July. I believe this is a Wedge Continuation type of move and will drop once reaching that resistance level.
There was some previous divergence seen in both RSI and MACD but it's become convergent over the last few days and now it appears to becoming divergent once again. I'm thinking this uptrend will becoming to an end soon and that's my basis for my opinion this pair will drop.
There was some previous divergence seen in both RSI and MACD but it's become convergent over the last few days and now it appears to becoming divergent once again. I'm thinking this uptrend will becoming to an end soon and that's my basis for my opinion this pair will drop.