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GBP/JPY remains well offered

By : Mex Group

GBP/JPY remains well offered

16 September 2016, 22:02

GBP/JPY is capturing attention with its sustained price move and soaring volatility.

The search for a low in today's trading is reflected in the 2-standard deviation bands expanding for several consecutive hours. Moreover, the near-term technical picture shows recent close prices printing below the 50 exponential moving average, a bearish condition that should it persist, would help maintain prices below the SAR indicator.

The parabolic SAR has yet to switch direction after two sessions of downward price movement. By doing so means shorts are taking profit. Risks exist the volatility and down drift extend to higher time frames.

GBP/JPY 0001-01-01T00:00:00
0/0 (0%)
H0 L0

S3S2S1R1R2R3
133.37901306152 133.51000976562 133.75300598144 134.12699890136 134.25799560546 134.50099182128

Trend IndexOB/OS Index
Bearish Oversold