Technical Analysis – GBPJPY selling pauses near descending trendline

GBPJPY breached the tentative long-term descending trendline drawn from the 2018 peak of 156.59 and geared up to a nine-month high of 147.94 on Friday before pulling back to the 143.00 region. The trendline is currently acting as support as the price is pushing efforts to rebound and the RSI and the MACD are flagging […]