GBPJPY has been in a trading range since early January without being able to indicate a clear direction. Moreover, the pair has recently crossed below its 50-period simple moving average (SMA), indicating that negative forces might be gaining ground. Short-term momentum indicators are reflecting a mixed picture as the RSI is located slightly below its […]
The post GBPJPY Moves Sideways after its December Rally appeared first on Action Forex.
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