GBPJPY’s Bearish Tone Intact Despite Bounce off 200-MA

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GBPJPY's Bearish Tone Intact Despite Bounce off 200-MA

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 […]

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Source: GBPJPY's Bearish Tone Intact Despite Bounce off 200-MA