Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
GBP/JPY may be forming correction
GBP/JPY has been testing the support at 136.60. A break below this level will provoke a decline to 135.90. However, it seems like the correction has been forming. On the daily chart, MACD and Stochastic Oscillator have formed a bullish divergence with the chart. RSI (8) is in the oversold area. It means that the recovery may happen soon. If the pair sticks above 136.60, odds of the rise towards 138.14 will increase. If the pair falls below 136.60, the rebound may occur from 135.90.
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