Saturday, February 23, 2019
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Technical Analysis – GBP/JPY remains negative

GBP/JPY tests the lower boundary of the descending channel. GBP/JPY has been trading within a negatively sloping channel over the last three weeks, with the bears challenging the lower boundary today. Currently, the price holds well below the 20-and 40-simple moving averages (SMAs) in the 4-hour chart, which are ready to post a bearish crossover. Having

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GBP/JPY 18/01/19 | EconAlerts

Technical Analysis – GBP/JPY hovers around 1-month high

GBP/JPY hovers around 1-month high; positive in the short-term. GBP/JPY has been advancing considerably for three days in a row, reaching a fresh one-month high of 142.20 during yesterday’s trading session. The price jumped above the strong obstacle of the 50.0% Fibonacci of 141 of the down-leg from 149.50 to 132.50, while it also surpassed the 20- and 40-simple

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