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Naomi293

Weekly Predictions (Mar 4 - 8)

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British Pound / Japanese Yen (FX:GBPJPY)  
Naomi293 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Oscillators GBPJPY dailychart forecast predictions 4hrchart
2
0
supportandresistance oscillator gbpjpy dailychart forecast predictions 4hrchart
- RSI and Stochastic Oscillator both indicating pair is overbought
- Pair approaching strong resistance 149.5 (price has been unable to cross and close since May 2018)
Comment:
4-hr chart

snapshot
- RSI and Stochastic Oscillator both indicating pair is overbought
- Possible head and shoulders pattern developing
Comment:
- Predictions: Pair may find it way to 149.5 where it might consolidate for a while before going into a downwards trend go
- Since pair is not consolidating, EMA STRATEGY on 30-mins chart may be applicable during the week
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