Technical analysis of GBP/JPY for June 13, 2017

GBP/JPY is expected to trade with a bullish outlook above 139.45. The pair has bounced up after another test of its former declining trend line, which becomes a support role, and broke above its 20-period and 50-period moving averages. The relative strength index is above its neutrality level at 50 and lacks downward momentum. In […]