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GBP/JPY Technical Analysis: Bullish RSI divergence on 1H favors test of 200-HMA hurdle

  • The GBP/JPY is currently trading at 146.80, having clocked a low of 146.00 earlier today.
  • Notably, the pair has charted a bullish RSI divergence on the hourly chart. The rising MACD histogram is indicating that there could soon be further gains.
  • The JPY cross could soon test supply around the 200-hour simple moving average (SMA), currently at 14752.
  • A break below 146.00 (previous day’s low) would invalidate the bullish divergence of the RSI.

Hourly chart

Trend: Bullish

GBP/JPY

Overview:
       Last Price:  146.82
       Daily change:  61  pips
       Daily change:  0.417%
       Daily Open:  146.21
Trends:
       Daily SMA20:  146.33
       Daily SMA50:  146.79
       Daily SMA100:  145.81
       Daily SMA200:  147.35
Levels:
       Daily High:  147.58
       Daily Low:  146.07
       Weekly High:  149.5
       Weekly Low:  146.86
       Monthly High:  149.52
       Monthly Low:  142.78
       Daily Fibonacci 38.2%:  146.65
       Daily Fibonacci 61.8%:  147.01
       Daily Pivot Point S1:  145.66
       Daily Pivot Point S2:  145.11
       Daily Pivot Point S3:  144.15
       Daily Pivot Point R1:  147.17
       Daily Pivot Point R2:  148.14
       Daily Pivot Point R3:  148.69

 

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