{video}GBPJPY’s latest rally off the 100-day simple moving average (SMA) has failed to decisively close above the 155.00 handle, an area where the recent bearish price correction was previously initiated. This fresh price bounce at 151.30 is validating that the SMAs are shielding the positive structure. The Ichimoku lines are indicating subdued positive momentum, which has yet to gain a clear lead, while the short-term oscillators are suggesting that bullish impetus is struggling. Barely above zero are the MACD and the red trigger lines, which are converging, while the RSI is flirting with the 50 threshold. The ... (full story)