GBP/JPY in Near-term Consolidation Above the 200-Hour SMA

Bearish correction: The GBP/JPY has been retreating from a bull run since hitting a high of 153.84 last week. It has slid to a low of 149.43 to start the week, before consolidating in the intra-session time-frame as seen in the 1H chart. It is also consolidating above the 200-hour SMA, which…

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GBP/JPY in Near-term Consolidation Above the 200-Hour SMA

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