GBPJPY Pauses Decline at 50-day SMA

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GBPJPY Pauses Decline at 50-day SMA

GBPJPY has experienced a steep uptrend since late September, with the price gaining almost 15% and posting a fresh 6½-year high of 172.10. Even though the pair has been losing ground in the short term, the 50-day simple moving average (SMA) has capped its downside. The short-term oscillators are indicating that bearish forces are strengthening. Specifically, the […]

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Source: GBPJPY Pauses Decline at 50-day SMA