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GBP/JPY Technical Analysis: 200-day MA hurdle challenged amid bear divergence of 1H RSI

GBP/JPY may see a minor pullback to 114.50-144.30 before the 200-day moving average (MA) of 144.93 is scaled in a convincing manner, as the relative strength index (RSI) on the 1-hour chart is diverging in favor of the bears. 

Hourly chart

Trend: minor pullback likely

 

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