Clears 50-day SMA, yet flatlines below 214.00

Clears 50-day SMA, yet flatlines below 214.00

The GBP/JPY hovers around 213.50 on Wednesday, finishing the session barely unchanged, up a mediocre 0.04% as the Yen weakened against most G10 FX currencies. Sellers’ failure to drive the cross-pair below the 50-day Simple Moving Average (SMA) at 213.16 opened the door for a recovery, with buyers eyeing the 214.00 mark. GBP/JPY Price Forecast: […]