GBPJPY is retreating somewhat above the downward sloping short-term simple moving averages (SMAs). The rebound off the 162.95 support level lasted until the 169.05 resistance level, with the technical oscillators confirming the recent sideways move. The RSI is flattening above the neutral threshold of 50, while the MACD is standing above its trigger line in the […]
The post GBPJPY Maintains Weak Bias in Near-term; Broader Trend is Bullish appeared first on Action Forex.
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