Thursday, June 20, 2019
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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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Technical Analysis – GBP/JPY below 20-period SMA

GBP/JPY continued with losses for the second week in a row, dropping to a four-month low of 139.53 last Friday and near a key support area before turning neutral. The RSI in the four-hour chart continues to lack direction while remaining in the bearish area and the red Tenkan-Sen keeps flattening below the blue Kijun-Sen line, reducing chances for a meaningful recovery in the short-term. However,

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Technical Analysis – GBP/JPY looks oversold near 3-month lows

GBP/JPY came under strong pressure after closing below the 143.75 key support level last week, with the price falling towards a three-month low of 141.19 on Monday. The sell-off, however, could be overstretched as both the RSI and the Stochastics are fluctuating near oversold levels, a signal justified by the current positive price movement. A rally above

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