GBPJPY has stabilized around the 100-day simple moving average (SMA), currently within the Ichimoku cloud, after the latest pullback from the more than five-year ceiling recorded a rebound off the 200-day SMA, which overlaps with the Ichimoku cloud's floor. That said, the SMAs continue to endorse a neutral-to-bullish trend preference in the pair. The blue […]
The post GBPJPY’s Bearish Tone Intact Despite Bounce off 200-MA appeared first on Action Forex.