GBP/JPY Completes Topping Action; Tests Support

The GBP/JPY has shown that topping action may be complete. The RSI confirms with a crossover under its 5-period moving average. The negative reversal suggests an aggressive target of 123. However, in the short-term, the 130.45 area is the target. This is 61.8% retracement, and is also the target for View full post on Technical Analysis