# GBP/JPY: Bullish Divergence in Play (December 11, 2013) Source: https://www.tradersway.com/resources/market-info/gbp-jpy-bullish-divergence-in-play-december-11-2013/ Language: en Updated: 2013-12-11 Description: Explore GBP/JPY: Bullish Divergence in Play (December 11, 2013). GB. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. GBP/JPY might be on its way to resume its climb, now that price has made higher lows while stochastic drew lower lows. The support at the pair’s previous week highs around 169.00 seems to be holding well. However, a deeper retracement could still be in the cards, as the pair hasn’t quite reached the 38.2% Fibonacci level yet. This is in line with the 168.50 minor psychological level and yen pairs tend to react to these round numbers quite well. ![GBP/JPY: Bullish Divergence in Play (December 11, 2013)] Going long at market and setting a stop below 168.50 and aiming for the intraweek high at 170.00 could be a 2:1 return on risk, which is good for a day trade. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/gbp-jpy-bullish-divergence-in-play-december-11-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/gbp-jpy-bullish-divergence-in-play-december-11-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/gbp-jpy-bullish-divergence-in-play-december-11-2013/", "headline": "GBP/JPY: Bullish Divergence in Play (December 11, 2013)", "inLanguage": "en", "datePublished": "2013-12-11T11:52:41+00:00", "dateModified": "2013-12-11T11:52:41+00:00", "articleSection": "Market Info", "description": "Explore GBP/JPY: Bullish Divergence in Play (December 11, 2013). 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