News Formal

GBP/JPY RSI Signals Bullish Stance, MACD Points to Balanced Market

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 72%

Finance Nyheter

GBP/JPY,RSI,MACD

The daily RSI on the GBP/JPY reveals a strong bullish posture, while the MACD shows a shift towards a more balanced market. The hourly chart discloses the RSI regularly exceeding overbought thresholds. In Wednesday's session, the GBP/JPY is trading at the 191.65 level, showing a 0.57% uptick. The market sentiment for GBP/JPY is majorly bullish, but there is a high likelihood that investors may start taking profits as the cross reached overbought conditions on the hourly chart. On the daily chart, the Relative Strength Index (RSI) pointing north above 50 indicates that buyers currently have a slight advantage in the market. While there are no extreme levels, suggesting overbought conditions, the RSI reveals a generally strong bullish posture. On the contrary, the Moving Average Convergence Divergence (MACD) is generating decreasing red bars, hinting at the presence of negative momentum and pointing toward more balanced market conditions.

The daily RSI on the GBP/JPY reveals a strong bullish posture, while the MACD shows a shift towards a more balanced market. The hourly chart discloses the RSI regularly exceeding overbought thresholds. In Wednesday's session, the GBP/JPY is trading at the 191.65 level, showing a 0.57% uptick. The market sentiment for GBP/JPY is majorly bullish, but there is a high likelihood that investors may start taking profits as the cross reached overbought conditions on the hourly chart.

On the daily chart, the Relative Strength Index (RSI) pointing north above 50 indicates that buyers currently have a slight advantage in the market. While there are no extreme levels, suggesting overbought conditions, the RSI reveals a generally strong bullish posture. On the contrary, the Moving Average Convergence Divergence (MACD) is generating decreasing red bars, hinting at the presence of negative momentum and pointing toward more balanced market conditions

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 14. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

British Pound Outlook & Market Sentiment – GBP/USD, GBP/JPY, EUR/GBPThis article scrutinizes retail sentiment on the British pound across three key FX pairs: GBP/USD, GBP/JPY and EUR/GBP, while also examining unconventional scenarios that challenge common crowd behaviors in the market.
Källa: DailyFX - 🏆 305. / 63 Läs mer »

Japanese Yen Outlook & Market Sentiment: USD/JPY, EUR/JPY, GBP/JPYThis article provides an in-depth examination of retail sentiment on the Japanese yen across three key FX pairs: USD/JPY, EUR/JPY and GBP/JPY, exploring potential scenarios based on contrarian signals.
Källa: DailyFX - 🏆 305. / 63 Läs mer »