JohnnyPurtoy98

GBPJPY - Strong push!

Lång
FX:GBPJPY   Brittiska pund/Japanska yen
There is a very clear strong bullish push after a doji formed on the support line of the triangle, the price has moved a significant amount pushing the price from the support of the triangle to the resistance level of the triangle. This could be a signal that the price is getting ready to break out the top of the triangle after a massive increase in momentum could be seen by the price push. The RSI Is just under 50 meaning it is not near any of the extreme values meaning there is no corrections looking to take place, I believe the price might be getting ready to break out the top of the channel over the coming days.

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