Forex: GBP/JPY Technical Analysis – Reversal Lower in the Works?
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- 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)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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