GBPJPY continues its retreat from its early-January high amid persisting negative forces. Moreover, the pair has recently crossed below its 200-period simple moving average after breaking under its 50-period SMA, supporting its cautiously bearish outlook. Short-term momentum indicators are reflecting a mixed picture as the RSI is located below its 50 neutral mark. However, the […]
The post GBPJPY Meets Resistance at 200-SMA; Bearish Forces Persist appeared first on Action Forex.
Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY Read more…
Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: Read more…
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