GBP/JPY Rally Pushes RSI Towards Overbought Zone
GBP/JPY registers a fresh yearly high (188.29) as it stages a three-day rally, with the advance in the exchange rate pushing the Relative Strength Index (RSI) towards overbought territory.
GBP/JPY Outlook
GBP/JPY approaches the November 2015 high (188.81) as it carves a series of higher highs and lows, with a break/close above the 189.00 (38.2% Fibonacci extension) handle opening up the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) region.
However, failure to clear the November 2015 high (188.81) may keep the RSI out of overbought territory, with a move below 186.60 50% Fibonacci extension) opening up the 183.90 (50% Fibonacci retracement) to 184.80 (23.6% Fibonacci extension) area.
GBP/JPY Outlook
GBP/JPY approaches the November 2015 high (188.81) as it carves a series of higher highs and lows, with a break/close above the 189.00 (38.2% Fibonacci extension) handle opening up the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) region.
However, failure to clear the November 2015 high (188.81) may keep the RSI out of overbought territory, with a move below 186.60 50% Fibonacci extension) opening up the 183.90 (50% Fibonacci retracement) to 184.80 (23.6% Fibonacci extension) area.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.