Technical analysis of GBP/JPY for May 11, 2017

GBP/JPY is expected to continue its upside movement. The pair remains above the 20-period moving average which stays above the 50-period moving average. Besides, the relative strength index is still above its neutrality area at 50, and is positively oriented. As long as 147.15 is not broken down, further advance is preferred with 148.20 and […]