GBPJPY has overstepped the 161.40 level, which is the 23.6% Fibonacci retracement of the up leg from 150.96 until the more than six-year high of 164.63, with a weakened upward drive. Though, on a positive note, the bullish bearing of the simple moving averages (SMAs) is promoting the broader positive structure. However, the pair’s positive […]
The post GBPJPY Improvements Curbed by March-May 2016 Highs appeared first on Action Forex.
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Yen strength continued to persist reinforced by an uptick seen in the leading Tokyo’s core-core inflation rate as it rose to 1.9% y/y in November. Japan’s overnight swap rates have indicated an increase in odds Read more…