GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 139.41; (P) 140.06; (R1) 140.63; More… GBP/JPY’s break of 138.23 support argues that corrective rise from 133.03 has completed, on bearish divergence condition in 4 hour MACD. The pattern from 142.71 might be starting another falling leg. Intraday bias is back on the downside for 137.19 support first. Firm break there will
The post GBP/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 139.41; (P) 140.06; (R1) 140.63; More… GBP/JPY’s break of 138.23 support argues that corrective rise from 133.03 has completed, on bearish divergence condition in 4 hour MACD. The pattern from 142.71 might be starting another falling leg. Intraday bias is back on the downside for 137.19 support first. Firm break there will […]

The post GBP/JPY Mid-Day Outlook appeared first on Action Forex.

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