From Strength to Strength: Trading GBPJPY Consolidation Zones

3 thg 3, 2023

GBPJPY has been gaining ground, but recently experienced a pullback after reaching its rejection region of 166.00. Momentum indicators suggest bullish forces are still in control, and a clear close above the 200-day SMA could revive hopes for further upside moves, including a possible second bullish breakout from consolidation.