Thursday, July 18, 2013

T-Perspective: GBPJPY CROSS

T-Perspective: GBPJPY CROSS

The weekly chart of the GBPJPY from the past 3 weeks of may have formed an evening star formation (bearish signal) coming from a high @156.70 registered on May 17, 2013. And declined to its lowest @147.09 level, which has held its price for the past month until this week’s high. The opening price @149.87 was resting on its major trend line support and currently supported by a buying divergence indicated by the arrows.

T-Perspective: GBPJPY CROSS

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