RSI Divergence to indicate buyers are running out of steam
Bounced of monthly resistance
Rising Wedge is to indicate sellers are taking over
Overall target is base of pattern + monthly support
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GBP WEIGHTED AVERAGE ON TECHNICALS AND FUNDAMENTALLY CLEARING SHOWING it's GOING TO DROP
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YEN WEIGHTED AVERAGE
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S&P 500
(POSITIVE CORRELATION) THIS CORRELATES WITH THE YEN...
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I AM EXPECTING FTSE100 TO BOUNCE UP FROM THE 3RD TOUCH OF THIS ASCENDING CHANNEL WHICH WILL WEAKEN THE POUND AS THEY BOTH HAVE AN INVERSE CORRELATED RELATIONSHIP