GBPJPY Chases Soft Gains; Short-Term Outlook Somewhat Gloomy

GBPJPY found strong footing around its longer-term 50- and 200-day simple moving averages (SMAs) this week, but the price could only gradually strengthen to 154.80 since then, unable to recoup January’s losses. While the 50- and 200-day SMAs have escaped a bearish crossover, feeding speculation that the broad uptrend has not finished yet, the short-term […]

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