11 Jul 2014
GBP/JPY keeps picking up off 173.00 low
FXStreet (Bali) - GBP/JPY is trading at 173.52, down -0.06% on the day, having posted a daily high at 173.67 and low at 173.41.
GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 44.44, up from it’s last hourly close at 38.82, while ADX is ranging above 30 at 24.41, up from 22.06 at the last hourly close.
Next resistance can be seen at 173.59 (Daily Classic S2), 173.62 (Hourly 20 EMA), 173.62 (Weekly Low), 173.62 (Daily Open) and 173.66 (Daily 20 SMA). Support below can be found at 173.41 (Daily Low), 173.38 (Daily Classic S3), 173.17 (Weekly Classic S1), 172.96 (Yesterday's Low) and 171.63 (Daily 100 SMA). Regarding candlestick formations, we can see Dark Cloud Cover formation on the 1-hour .
GBP/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 44.44, up from it’s last hourly close at 38.82, while ADX is ranging above 30 at 24.41, up from 22.06 at the last hourly close.
Next resistance can be seen at 173.59 (Daily Classic S2), 173.62 (Hourly 20 EMA), 173.62 (Weekly Low), 173.62 (Daily Open) and 173.66 (Daily 20 SMA). Support below can be found at 173.41 (Daily Low), 173.38 (Daily Classic S3), 173.17 (Weekly Classic S1), 172.96 (Yesterday's Low) and 171.63 (Daily 100 SMA). Regarding candlestick formations, we can see Dark Cloud Cover formation on the 1-hour .