Technical Analysis – GBPJPY seems to be looking for recovery after steep losses
GBPJPY has come under renewed selling pressure over the past four days following the upside run towards the 15-week high of 139.80. The pair declined beneath the 100- and 200-day simple moving averages (SMAs) but found strong support at the 20-day SMA earlier today. Looking to the short-term oscillators, the stochastic and the RSI promote slight improvements around […]