Technical analysis of GBP/JPY for December 12, 2017

GBP/JPY is under pressure. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is below its neutrality level at 50 and lacks upward momentum. To sum up, as long as 151.95 holds on the upside, look for a return […]