GBP/JPY is lacking direction in the very short-term timeframe as it has been consolidating above the 38.2% Fibonacci.
GBP/JPY is heading slightly higher after the drop to the 131.87 support level.
GBP/JPY’s nearly one-month decline, out of a consolidation phase.
GBP/JPY is resuming negative momentum below the 200-day simple moving average (SMA).
GBP/JPY has maintained an aggressive selling movement over the last sessions.
GBP/JPY keeps trading sideways but short-term trend signals seem skewed to the negative side.
GBP/JPY is in the process of pushing above the converged simple moving averages (SMAs).
GBP/JPY is trading sideways over the last month, struggling within the 50.0% Fibonacci retracement level.
GBP/JPY appears to have stalled below the flat lines of the Bollinger bands.
GBP/JPY is attempting to push below the 50-day simple moving average (SMA).