GBP/JPY: Ascending Triangle and Price/Oscillator Divergence
Looking at the daily GBP/JPY chart we can see that it found resistance at the horizontal trendline of it's ascending triangle pattern.
The divergence between the uptrend in price and the downtrend in the RSI momentum oscillator suggests a possible bearish reversal.
Chart courtesy of Oanda
__________________
Disclaimer: There is a substantial risk of loss in trading stocks, futures, options and forex. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities.
|
RSS
Twitter
Facebook
LinkedIn
Newsletter
11-18-2012, 11:32 AM
Linear Mode
