The GBP/JPY pair could test the key rising trendline support of 142.80, as the hourly chart is showing a bearish divergence of the relative strength index (RSI).
Hourly chart
-636838927293517393.png)
- The back-to-back candles with long upper shadows signal bullish exhaustion. A similar message is being echoed by the previous 4-hour doji candle.
- Add to that the lower high/bearish divergence on the 14-hour RSI and the prospects of a drop to 142.80 (trendline support) appear high.
Trend: pullback likely
GBP/JPY
Overview:
Today Last Price: 143.21
Today Daily change: -0.08 pips
Today Daily change %: -0.06%
Today Daily Open: 143.29
Trends:
Daily SMA20: 139.7
Daily SMA50: 141.91
Daily SMA100: 144.43
Daily SMA200: 145.38
Levels:
Previous Daily High: 143.57
Previous Daily Low: 141.52
Previous Weekly High: 142.22
Previous Weekly Low: 137.36
Previous Monthly High: 145.52
Previous Monthly Low: 138.86
Daily Fibonacci 38.2%: 142.79
Daily Fibonacci 61.8%: 142.3
Daily Pivot Point S1: 142.02
Daily Pivot Point S2: 140.74
Daily Pivot Point S3: 139.97
Daily Pivot Point R1: 144.07
Daily Pivot Point R2: 144.84
Daily Pivot Point R3: 146.12
Share
