GBPJPY Struggles to Secure Advances Beyond Multi-Year High

GBPJPY is lacking bullish impetus to conquer the immediate resistance barricade shaped by the 157.75 barrier and the more than five-year high of 158.20. That said, the simple moving averages (SMAs) are defending the three-week uptrend from the 149.50 trough. Moreover, the Ichimoku lines are reflecting a pause in bullish forces, while the short-term oscillators […]

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