1-Month Rally Erases 4-Month Decline: GBP/JPY has been bullish since making a low on the year at 174.87, which was made mid-April. A month later, a couple of sharp swings have brought the pair to new highs on the year. GBP/JPY is now threatening to test the 2014-high as we can see in the daily chart. gbpjpy daily chart 5/18 A Bearish Scenario: Now, in the daily chart we can see that price started […]
