GBPJPY Divergence

Published August 28th, 2009 - 01:02 GMT
Al Bawaba
Al Bawaba

Today's low in the GBPJPY lacked confirmation from RSI, which warns of at least a temporary low in the GBPJPY.  151.75 is potential short term support and former support at 153.44 is now potential resistance.  There is also a potential trendline at 154.35 today.