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.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.