GBP/JPY Technical Analysis: 200-day MA hurdle challenged amid bear divergence of 1H RSI

Omkar Godbole FXStreet Contributor

GBP/JPY may see a minor pullback to 144.50.50-144.30 before the 200-day moving average (MA) of 144.93 is scaled in a convincing manner, as the relative strength index (RSI) on the 1-hour chart is diverging in favor of the bears.

Hourly chart

Trend: minor pullback likely

1. R3 147.58
2. R2 146.15
3. R1 145.34
PP 143.9
1. S1 143.09
2. S2 141.66
3. S3 140.85

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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