Sunday, January 19, 2020
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Technical Analysis – GBP/JPY positive picture loses steam

GBP/JPY positive picture loses steam; transitions into a sideways market. GBP/JPY’s directional momentum has disappeared after sellers ceased further gains on October 17, having rallied strongly from October 8. A second attempt higher was denied, shifting the pair into a directionless market, which is also backed by the flat 50-period simple moving

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