Technical Analysis – GBPJPY in descending channel; moves sideways at 33-month low
GBPJPY takes a breather after falling from a swing high of 135.65 on July 25, moving sideways around a thirty-three-month low of 128.75. It’s noteworthy that while the latest move down printed a lower low, the RSI points to positive divergence with the price action, suggesting that a corrective upside wave may be next. The […]