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Forex: GBP/JPY Technical Analysis – Reversal Lower in the Works?

Ilya Spivak


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Talking Points


  • A bearish Three Inside Down candle pattern, negative RSI divergence hint at losses
  • Below support at 168.25 (rising trend line) exposes 164.92 (38.2% Fib ret.)
  • Resistance is at 170.05 (December 10 swing high)


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dailyclassics_gbp-jpy_body_Picture_10.png, Forex: GBP/JPY Technical Analysis – Reversal Lower in the Works?

Daily Chart - Created Using FXCM Marketscope 2.0




--- Written by Ilya Spivak, Currency Strategist for DailyFX.com


Contact and follow Ilya on Twitter: @IlyaSpivak


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