GBPJPY sank by almost 2.0% on Thursday following the rejection around the 20-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the 2020-2022 uptrend at 160.75. The decline stretched to January’s support region of 156.72 early on Friday, with the momentum indicators dashing hopes for a meaningful recovery. Specifically, the MACD has resumed its […]
The post GBPJPY Tumbles to Weekly Lows; Bears Could Stay appeared first on Action Forex.
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