Technical analysis – GBPJPY’s downside risks intact, reaching multi-year low
GBPJPY’s nearly one month decline, out of a consolidation phase, appears to have just about touched a fourty-one-month low of 123.97, assisted by the declining Ichimoku lines and the recent bearish crossover in the downward sloping 50- and 100-day simple moving averages (SMAs). The short-term technical indicators confirm the extremely bearish picture and currently point […]