Technical Analysis – GBPJPY remains consolidated; positive momentum feeble

GBPJPY seems to be range bound, something also reflected in the flattening out of the slopes of the 50- and 100-period simple moving averages (SMAs). The directionless Ichimoku lines and the steadied cloud further reflect this view. That said, the short-term oscillators, although somewhat stalled, still lean towards a positive picture. The MACD, in the […]