Technical analysis of GBP/JPY for June 05, 2017

GBP/JPY is under pressure. The pair retreated from 143.95 and broke below the 20-period and 50-period moving averages. The relative strength index is mixed to bearish. In addition, the key resistance at 143.05 should limit the upside potential. Hence, as long as this key level is not surpassed, look for another decline to 141.95 and […]