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GBPJPY Pauses Decline at 50-day SMA

GBPJPY Pauses Decline at 50-day SMA
GBPJPY has experienced a steep uptrend since late September, with the price gaining almost 15% and posting a fresh 6½-year high of 172.10. Even though the pair has been losing ground in the short term, the 50-day simple moving average (SMA) has capped its downside. The short-term oscillators are indicating that bearish forces are strengthening. Specifically, the […] The post GBPJPY Pauses Decline at 50-day SMA appeared first on Action Forex... Read More
Posted: Nov 11 2022, 10:47
Author Name: actionforex
Views: 110181

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