Thursday, June 20, 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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