Technical Analysis – GBPJPY turns bullish above 152 level but rally stalls on overbought conditions
GBPJPY has firmed up and turned more bullish after breaking above the key 152 level on December 7. However, the rally off the 150 area has now stalled at 153.40 after the market became overextended. On the 4-hour chart the RSI reached overbought levels at 70 and due to weaker momentum in the market, GBPJPY […]