Third leg of correction is coming this week.
Speaking of MACD, the indicator is at its divergence on the daily chart of GBP/JPY. That’s right around the time that the pair topped-out around the 140 level. The third quarter has been especially boisterous for bulls as the pair has surged from the 132 area all-the-way up to the 140’s, now started for a 5 % drop to come into play this week.
