The GBP/JPY created a bullish hammer on the hourly chart a couple of hours ago, raising prospects of a corrective rally. However, the pair is showing no signs of life as of writing. The corrective rally is seen gathering traction after the relative strength index (RSI) has moved above 50.00 (in bullish territory). Hourly chart Spot Rate: 145.72 Daily High: 146.08 Daily Low: 145.46 Trend: Bearish Resistance R1: 146.07 (50-hour moving average) R2: 146.32 (5-day moving average) R3: 146.65 (50-day moving average) Support S1: 145.08 (76.4 percent Fibonacci retracement of 143.77-149.31). S2: 144.39 (June 19 low). S3: 144.00 (psychological level). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR: Not Expecting Any Reaction Whatsoever By Mkt To Outcome Of This Week’s ECB – SEB Yohay Elam 5 years The GBP/JPY created a bullish hammer on the hourly chart a couple of hours ago, raising prospects of a corrective rally. However, the pair is showing no signs of life as of writing. The corrective rally is seen gathering traction after the relative strength index (RSI) has moved above 50.00 (in bullish territory). Hourly chart Spot Rate: 145.72 Daily High: 146.08 Daily Low: 145.46 Trend: Bearish Resistance R1: 146.07 (50-hour moving average) R2: 146.32 (5-day moving average) R3: 146.65 (50-day moving average) Support S1: 145.08 (76.4 percent Fibonacci retracement of 143.77-149.31). S2: 144.39 (June 19 low). S3: 144.00 (psychological level). Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
