Technical Analysis – GBPJPY gradually deteriorates, challenging the 200-MA

GBPJPY appears to have lost steam since peaking at 135.91, despite the bullish tone still present in the simple moving averages (SMAs). Dominating sellers are currently attempting to build negative momentum to decisively close below the 200-period SMA at 134.67. These efforts are also mirrored in the short-term oscillators as the MACD dips below its […]