 GBPJPY had been in an uptrend since late September, with the price posting a fresh 612-year high of 172.10. However, after a period of consolidation, the pair experienced a huge downward spike on the back of the BoJs surprise decision and has been rangebound since then. The momentum indicators suggest that bearish forces are intensifying. ... The post GBPJPY Trades Sideways After Massive Decline Pauses appeared first on Action Forex... 