GBPJPY currency pair reached a significant area of resistance near the level 153.00, and at this point on the hourly chart shows the bear divergence between price and RSI indications, which may indicate a potential rebound from the said resistance and moving toward the weekend gap.

An additional confirmation of a possible sell-off will be closing below the 20-period SMA, part of the Bollinger Bands.

2006-GBPJPY


Test account with a broker binary options uTrader! Click here to invest

Binary options broker uTrader offers a return. If you win your account will increase by a percentage of the invested amount. If you lose, regardless of the size of the defeat, you never lose more than you bet.

Error, group does not exist! Check your syntax! (ID: 3)