Sunday, August 18, 2019
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Technical Analysis – GBP/JPY shows signs of a fading descending move

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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Technical Analysis – GBP/JPY consolidates rebound

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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Technical Analysis – GBP/JPY rebounds on 5-month lows

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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