Hello Dynamic Traders,
The GBPJPY is completing a traingle formation on the weekly time frame. This cross is producing multiple divergences and we have the figure and triangle upper trendline acting as a resistance. Watch for a reversal indication or a breakout using our ESLT although we favour a reversal more.
Put this onto your watchlist for next week as this cross will be providing moving quite some pips in the weeks to come. You can read more at our other forex analysis website.
Have a good weekend.
Forex Analyst
Anne Chapman
Chart below is courtesy of Advanced Get. Data provided by eSignal
