GBPJPY Drifts Across 156 Mark as Bullish Rally Stalls

GBPJPY is consolidating between the 156.00 handle and the 157.84 level, which is the 161.8% Fibonacci extension of the down leg from 144.94 until 124.00. The simple moving averages (SMAs) are reflecting a fragile neutral-to-bullish trend in the pair. That said, the short-term oscillators are indicating that bearish forces are growing. The MACD, deep in […]

The post GBPJPY Drifts Across 156 Mark as Bullish Rally Stalls appeared first on Action Forex.