Technical Analysis – GBPJPY rebounds within symmetrical triangle
GBPJPY curved up near the 20-day simple moving average (SMA) and the lower line of a big symmetrical triangle and towards a 6-week high of 136.60. The price also managed to close slightly above the 50% Fibonacci retracement level of the 147.94-124.00 downleg on Wednesday, increasing the odds for another upturn. However, the upper part […]