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GBP/JPY is showing bullish signals in the four-hour chart as the MACD is strengthening in the positive area and the RSI is resuming upside momentum above the 50 neutral level. The pair has created a higher low around the 127.50 level but this is not enough for a complete violation of
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GBP/JPY in the descending channel; moves sideways at a 33-month low. GBP/JPY takes a breather after falling from a swing high of 135.65 on July 25, moving sideways around a thirty-three-month low of 128.75. It’s noteworthy that while the latest move down printed a lower low, the RSI points to positive divergence
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GBP/JPY printed a 3 black crows’ pattern and broke fiercely through the 25-month low. GBP/JPY had sellers take the reins, after indecisive candles from the previous week, forming a 3 black crows’ pattern and eating up the 133.85 swing low and the twenty-five-month low of 132.48. Buyers then came on board but
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GBP/JPY bulls test 20-day SMA; trend reversal still likely. After three weeks of consecutive losses, GBP/JPY is set to close in the green, though with minimal gains. The 20-day simple moving average (SMA) remained a key resistance area, while the RSI and the MACD continue to keep the odds high for downside corrections
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GBP/JPY shows signs of a fading descending move; indicators increase. GBP/JPY is still facing signs of a fading descending move as the RSI and the MACD keep moving higher, posting a positive divergence at a time when the price seems to be edging lower in the daily timeframe. Currently, the pair is finding strong resistance at the red
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GBP/JPY bearish action slows, trend reversal awaited. GBP/JPY continues to show signs of a fading downtrend as the RSI and the MACD keep extending their two-month-old upward pattern at a time when the price seems to be easing bearish momentum. The minimal difference between the recent lows is more evidence that the market
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GBP/JPY had uneventful trading for another week, remaining stuck between the 137.40 resistance and the 135.79 key support, which coincides with the 78.6% Fibonacci of the up-leg from 132.48 to 148.86. There is however a bullish divergence signal of a possible trend reversal, as the RSI and the MACD continue to
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GBP/JPY registered another lower low at its March down-leg slightly below the key support level of 135.79, but it soon bounced up again as the RSI signaled oversold conditions. The latter is currently moving with a positive slope towards its 50 neutral level, while the MACD continues to trend up above its red signal line,
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GBP/JPY consolidates rebound; indicators trend up. GBP/JPY stabilised around a key barrier of 137.40 after bouncing on the five-month trough of 136.54. Although the RSI is currently sloping down, the indicator seems to be building an uptrend, confirming another higher high near its 30 oversold level earlier this week. The MACD is also trending up above
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GBP/JPY rebounds on 5-month lows; indicators signal bullish bias. GBP/JPY is trading not too far from the five-month low of 136.55, having pulled back slightly. The momentum indicators suggest there is still some upside for the pair to advance again, despite the downward movement on the red Tenkan-Sen line. The near-term bias is looking neutral-to-bullish as
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