Technical analysis of GBP/JPY for November 27, 2017

GBP/JPY is expected to trade with a bearish bias below 148.90. The pair is heading downward now, backed by its declining 20-period and 50-period moving averages. The process of higher highs and lows remains intact, which should confirm a bearish view. In addition, the relative strength index is below its neutrality area at 50. To […]