GBPJPY faced another rejection from the 20-day simple moving average (SMA) at 162.66 on Thursday, which has been capping bullish corrections since the start of the month, but the pullback was only mild, with the price immediately pausing around 161.95. The momentum indicators remain cautious as the RSI keeps oscillating sideways marginally below its 50 neutral mark and the […]
The post GBPJPY Congested Below 20-SMA; Bias Neutral appeared first on Action Forex.
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