GBPJPY Bulls Hang in there Despite Minor Pullback to 157

GBPJPY’s strong two-week rally, which began from 149.50 has lost steam just shy of the 157.84 level and the more than 5-year high of 158.20, the former being the 161.8% Fibonacci extension of the down leg from 144.94 until 124.00. The simple moving averages (SMAs) have flatlined, implying a more neutral bearing in the pair […]

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