GBPJPY Rotates Lower After Rejection at 50-day SMA
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<p>GBPJPY moves without direction in the past two weeks The 50- and 200-day SMAs curb upside and downside, respectively RSI and MACD are deep in their negative zones GBPJPY had been in a prolonged uptrend since January, posting an eight-year high of 188.64 on November 24 before experiencing a pullback. In the short-term, the pair is undergoing a […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/532930-gbpjpy-rotates-lower-after-rejection-at-50-day-sma/">GBPJPY Rotates Lower After Rejection at 50-day SMA</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>
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