There have been some magnificent trend in the Yen pairs in recent weeks but this one has reached an interesting stage.
GBP/JPY is at the 61.8% retracement level of the last major decline and that’s a level that can often halt a rally. It’s showing signs of possible divergence against the RSI. If the daily candles make a peak around here and this is followed by a break below RSI support, divergence will be confirmed with potential for a reversal to the downside.
Via : http://www.forexnews.com/blog/2016/12/16/354471/
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