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LukasFoisy1

Indicators confluence supports GBP/JPY

Panjang
Paun British / Yen Jepun (FX:GBPJPY)  
LukasFoisy1  
FX:GBPJPY   Paun British / Yen Jepun
GBPJPY Triangle ascending moving average Ichimoku Cloud Relative Strength Index (RSI) LONG
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gbpjpy triangle ascending moving average ichimokuclouds relativestrengthindex long
I hate messy and overloaded charts, but this one seems too perfect.

First off, we have been in an ascending triangle since February.

SMA(50) and SMA(100) are meeting each other and price is also at the same place. We could see come institutional buying because of that. Price is also rebounding off of Ichimoku Cloud, another sign of confluence.

We still haven't seen an entry signal however.

L.F.
Penafian

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