Saturday, August 17, 2019
Home > GBP/JPY (Page 2)

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,

Read More

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

Read More