GBP/JPY Technical Analysis: From One Trend to Another

  On the 4-hour chart below, we can see near-term support off of the 186-region. Traders can look to place stops below the 38.2% Fibonacci retracement of this most recent move around 185.50, with top-side targets at 186.38 (the 61.8% retracement of that same move), 186.87 (the 76.4% retracement), and then 187.50 (major psychological level, … More GBP/JPY Technical Analysis: From One Trend to Another

EUR/GBP Technical Analysis

    The Euro put in a bullish Morning Star candlestick pattern, hinting prices may be preparing to launch an upward correction against the British Pound. Positive RSI divergence hints at ebbing bearish momentum and reinforces the case for an upside scenario. A daily close above the 14.6% Fibonacci retracement at 0.7057 initially opens the … More EUR/GBP Technical Analysis