GBPJPY has been losing ground since early November when it posted a fresh seven-year high of 172.10. In the short-term, the pair’s downtrend accelerated after the BoE delivered an anticipated 50 basis points hike, albeit with dovish commentary that disappointed GBPJPY’s bulls. The momentum indicators currently suggest that bearish forces have taken the upper hand. Specifically, […]
The post GBPJPY Declines Sharply on Dovish BoE Remarks appeared first on Action Forex.
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