Technical Analysis – GBPJPY bulls test 20-day SMA; trend reversal still likely
After three weeks of consecutive losses, GBPJPY is set to close in the green, though with minimal gains. The 20-day simple moving average (SMA) remained a key resistance area, while the RSI and the MACD continue to keep the odds high for downside corrections in the short-term as long as they fluctuate in the? bearish area. Yet, […]
Technical Analysis – GBPJPY bulls test 20-day SMA; trend reversal still likely
After three weeks of consecutive losses, GBPJPY is set to close in the green, though with minimal gains. The 20-day simple moving average (SMA) remained a key resistance area, while the RSI and the MACD continue to keep the odds high for downside corrections in the short-term as long as they fluctuate in the? bearish area. Yet, […]
