GBPJPY reached a fresh six-year high of 161.48 earlier today but the price has now pulled back to around 160.75. The pair has risen sharply from the two-month trough of 150.97 plumbed on March 8. However, the momentum indicators suggest the latest upswing is cooling. Both the RSI and the stochastic oscillator have entered overbought […]
The post GBPJPY Eases from 6-Year High; Rally May be Losing Steam appeared first on Action Forex.
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