GBP/JPY – Negative RSI divergence isn’t working

4-hour chart

The bearish price RSI divergence isn’t working and risks falling apart if the cross breaks on the higher side of the narrow channel. A 100-pip rally could be seen following the upside break.

Screenshot_1.jpg

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s