GBP/JPY is currently trading at 189.962, showing signs of potential downside momentum. Here's a concise breakdown:
1. Technical Levels:
- Current Price: 189.962
- Retest Zone: Keep an eye on the 190.050 level for a possible retest.
- Downside Target: Targeting the demand zone around 188.884 for potential support.
2. Trade Setup:
- Short Opportunity:...
Kellogg Company has been in a clearly defined downward trend since February 2017. On April 26, Kellogg broke down and away from the wedge pattern it had been in. From this point, the stock broke down to around 68.60 which fell in line with a support trend line that began February 2014. The current resistance line is steadily dropping. The projected future...
