GBPJPY has been trending downwards after recording a fresh seven-year high of 172.10 in early November. In the short-term, the pair is trading without a clear direction, with its latest attempt for recovery being repeatedly held down by the 161.79 ceiling. The momentum indicators currently suggest that bullish forces are waning. Specifically, the stochastic oscillator is […]
The post GBPJPY Consolidates as Latest Rebound Falters appeared first on Action Forex.
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