Technical Analysis – GBPJPY appears to pause before snowballing negative

GBPJPY although presently finding temporary footing, faded back below the restricting 50-day simple moving average (SMA) currently around 132.32 over the past week. Aiding the forthcoming negative price action is the short-term oscillators and the near completion of a bearish crossover of the 200-day SMA by the 100-day one. The MACD, in the negative region, […]