Daily Pivots: (S1) 151.28; (P) 151.92; (R1) 152.37; More… Further rise is expected in GBP/JPY as long as 150.76 support holds. Current rise from 123.94 would target 156.59 long term resistance. However, considering bearish divergence condition in 4 hour MACD, break of 150.76 support will indicate short term topping, and turn bias to the downside
The post GBP/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 151.28; (P) 151.92; (R1) 152.37; More… Further rise is expected in GBP/JPY as long as 150.76 support holds. Current rise from 123.94 would target 156.59 long term resistance. However, considering bearish divergence condition in 4 hour MACD, break of 150.76 support will indicate short term topping, and turn bias to the downside […]
The post GBP/JPY Daily Outlook appeared first on Action Forex.