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Sahle

UPDATE:GBP/JPY Cuts a Diamond Path to Bullish 194

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
Sahle  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
2
2
trendanalysis chartpattern indicator
GBPJPY
GBP/JPY Cuts a Diamond Path to Bullish 194
1.Price Formation: The price has broken out from a DIAMOND price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum.
3.200-day Moving Average is below the Price.
4.Thus, Mas 7>21>200
5.Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6.Price Target: 194
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