Technical Analysis – GBPJPY slips to fresh 5-month low; eyes on key support region

GBPJPY stretched its sharp sell-off towards a fresh five-month low of 132.31 on Thursday and into a key support zone as the risk-off sentiment sharpened, with the pair further deviating below the 200-day simple moving average (SMA). Upside corrections or some consolidation cannot be ruled out in the near-term as the fast-Stochastics head north at […]