 GBPJPY sank by almost 2.0 on Thursday following the rejection around the 20-day simple moving average SMA and the 23.6 Fibonacci retracement level of the 2020-2022 uptrend at 160.75. The decline stretched to Januarys support region of 156.72 early on Friday, with the momentum indicators dashing hopes for a meaningful recovery. Specifically, the MACD has resumed its ... The post GBPJPY Tumbles to Weekly Lows; Bears Could Stay appeared first on Action Forex... 