13 Nov 2018
GBP/JPY Technical Analysis: Bullish RSI divergence on 1H favors test of 200-HMA hurdle
- The GBP/JPY is currently trading at 146.80, having clocked a low of 146.00 earlier today.
- Notably, the pair has charted a bullish RSI divergence on the hourly chart. The rising MACD histogram is indicating that there could soon be further gains.
- The JPY cross could soon test supply around the 200-hour simple moving average (SMA), currently at 14752.
- A break below 146.00 (previous day's low) would invalidate the bullish divergence of the RSI.
Hourly chart
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Trend: Bullish
GBP/JPY
Overview:
Last Price: 146.82
Daily change: 61 pips
Daily change: 0.417%
Daily Open: 146.21
Trends:
Daily SMA20: 146.33
Daily SMA50: 146.79
Daily SMA100: 145.81
Daily SMA200: 147.35
Levels:
Daily High: 147.58
Daily Low: 146.07
Weekly High: 149.5
Weekly Low: 146.86
Monthly High: 149.52
Monthly Low: 142.78
Daily Fibonacci 38.2%: 146.65
Daily Fibonacci 61.8%: 147.01
Daily Pivot Point S1: 145.66
Daily Pivot Point S2: 145.11
Daily Pivot Point S3: 144.15
Daily Pivot Point R1: 147.17
Daily Pivot Point R2: 148.14
Daily Pivot Point R3: 148.69