GBPJPY has experienced some large moves in the short term, with the price losing around 10% before recovering back and forming a fresh 6½-year high of 170.80. Nevertheless, the pair has been trading sideways in the last few daily sessions, waiting for developments that could provide fresh directional impetus. The short-term oscillators currently suggest that bullish […]
The post GBPJPY Consolidates After Hitting 6½-Year High appeared first on Action Forex.
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Daily Pivots: (S1) 1.1696; (P) 1.1741; (R1) 1.1767; More…. Sideway trading continues in EUR/USD and intraday bias remains neutral. Rise from 1.1408 is expected to continue as long as 1.1642 support holds. Firm break of Read more…
Daily Pivots: (S1) 1.3542; (P) 1.3601; (R1) 1.3634; More… GBP/USD is staying in consolidations below 1.3657 temporary top and intraday bias remains neutral. Further rally is expected as long as 1.3453 holds. Above 1.3657 will Read more…