Technical Analysis – GBPJPY maintains neutral bias with near-term risk titled to the downside
GBPJPY has been neutral since peaking at 152.85 in September, consolidating in a broad range above the mid-point of the rise from 141.34 to 152.85. Near-term risk is tilted to the downside as the market has dropped below the 200-moving average on the 4-hour chart. Immediate support is at 148.40, which is the 38.2% Fibonacci […]