GBPJPY analysis on dated 26-7-2019

417

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 day moving average’s [Respectively at 135.160 and 135.250]

Type: Intraday analysis

Recommendation: Sell/Sell limit @ 134.950 Target: 60 pips