Thursday, August 22, 2019
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GBP/JPY 22/06/2018 | EconAlerts

Technical Analysis – GBP/JPY moves towards descending trend line

GBP/JPY sees sharp buying interest in short-term; moves towards descending trend line. GBP/JPY surged to a new weekly high of 146.61 in today’s European session, jumping above the 146.20 key level. Also, the price surpassed the 40-simple moving average (SMA) in the 4-hour chart while the short-term technical indicators confirm the bullish structure. From the technical

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GBP/JPY 15/06/18 | EconAlerts

Technical Analysis – GBP/JPY retreats sharply

GBP/JPY retreats sharply; maintains short-term bearish bias. GBP/JPY plunged below the 38.2% Fibonacci retracement level of the down-leg from 153.80 to 143.20, around 147.25, which overlaps with the 40-simple moving average in the 4-hour chart. The aggressive bearish rally started during yesterday’s session and has shifted the near-term bias from positive to negative. Also,

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