GBPJPY Flatlines Near 7½-Year Peak
GBPJPY has been stuck in a prolonged uptrend since the beginning of the year, generating a structure of consecutive multi-year highs. In the near-term, the price seems to be consolidating near the 7½-year high of 183.74, appearing to be unable to extend its rally. The momentum indicators currently suggest that bullish forces are waning. Specifically, the […] The post GBPJPY Flatlines Near 7½-Year Peak appeared first on Action Forex.
GBPJPY has been stuck in a prolonged uptrend since the beginning of the year, generating a structure of consecutive multi-year highs. In the near-term, the price seems to be consolidating near the 7½-year high of 183.74, appearing to be unable to extend its rally. The momentum indicators currently suggest that bullish forces are waning. Specifically, the […]
The post GBPJPY Flatlines Near 7½-Year Peak appeared first on Action Forex.
