JPY Extremely Strong This Morning

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JAPANESE YEN / BRITISH POUND (FX_IDC:JPYGBP)

FX_IDC:JPYGBP JAPANESE YEN / BRITISH POUND

Forex quanttrading yen Technical Analysis Currencies quantfinance quant Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI)

forex quanttrading yen technicalanalysis currencies quantfinance quant macd relativestrengthindex

We see a nice wedge pattern forming, plus all the technicals are there. MACD/RSI are in the 'sweet spot' and the On Balance Volume suggests net buying pressure. Looks like a great breakout waiting to happen.

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