GBPJPY Breaking upper triangle on Daily Chart

2019-11-18 07:54:29

GBP JPY on Daily is breaking out of a triangle pattern. A reasonable short / medium term target might be around 143 (Triangle Thrust calculated on size of wide end of triangle added to narrow end break out point). support lies at 21 D EMA at 139.7 or Daily Pivot (classic) at 137.3

RSI is currently bullish at 62,98
MACD is slightly bearish and below neutral area