Technical Analysis – GBPJPY finds strong resistance at 200-period SMA; decline is in progress
GBPJPY has found strong resistance near the 200-period simple moving average (SMA) currently at 133.55, confirming the neutral move in the very short-term timeframe. The MACD oscillator is rising above the trigger line near the zero level, while the RSI is pointing south near the 50 level. However, the red Tenkan-sen line jumped above the blue Kijun-sen line, indicating […]