Technical Analysis – GBPJPY neutral in short and medium term; risk to upside

GBPJPY maintains a neutral bias in the short and medium term, supported at the key 150 level. The cross maintains a bullish market structure in the short term, while trading above the 50 and 200- period moving averages on the 4-hour chart. GBPJPY made a strong recovery after a brief dip below 150 in mid-December […]