GBP/JPY - Poised for a rally

152
Daily/Weekly chart

· The pair finally closed above 128.03 (23.6% Fibo of Sept high and Oct low) after having repeated failed to do so last month. Also note the bullish 5-DMA and 10-DMA crossover.

· On the weekly chart, we have a bullish price RSI divergence. Consequently, the cross looks poised for a rise to 130.10 (38.2% Fibo).

· On the other hand, only a daily close below 127.19 (previous day’s low) would signal bullish invalidation.

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.