GBP/JPY staged a mighty closeout

On the 1-hour chart of the GBP/JPY, the MACD reaching an extreme Low.

The last downward movement of the GBP/JPY went hand in hand with an above-average distance between the MACD and its signal line. From a strategic point of view, further declines are to endure pain just with the belly, so that recovery rallies are possible. The last MACD reading shows already a counter-movement, so that this speaks in favor of the second scenario.

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