TipTVFinance

GBP/JPY – Double top on hourly chart

FX:GBPJPY   British Pound / Japanese Yen
Short-term daily moving averages – 5-DMA & 10-DMA are still sloping downwards. Accordingly, the cross has failed twice 132.40 at a time when the hourly MACD has turned bearish while the price has formed bearish divergence with hourly RSI .

This suggests the pair could test double top neckline level of 131.63 and may actually breach the same and retreat to 131.00 levels.

On the higher side, a day end close above 132.40 would open doors for 134.00 levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out