GBPJPY regained some ground after the BoE decision and the losses it caused yesterday, but found resistance at the 20-day simple moving average (SMA). The price plunged beneath the 38.2% Fibonacci retracement level of the upward wave from 150.95 to 168.40 at 161.70 and the 40-day SMA in the daily chart. The RSI is showing some positive signs below the neutral threshold of 50, […]
The post GBPJPY Erases Some Post-BoE Losses appeared first on Action Forex.
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