{video}GBPJPY had been in a prolonged uptrend since January, posting an eight-year high of 186.75 on August 22 before experiencing a pullback. After a period of rangebound trading, the pair stormed back above the 50-day simple moving average (SMA) to a two-month peak of 185.94, but its rally seems to have temporarily paused. Considering that the short-term oscillators remain tilted to the upside, the price could edge higher and revisit its recent two-month high of 185.94. Piercing through that wall, the pair may challenge the eight-year peak of 186.75. If that hurdle also fails, the bulls could propel the price to ... (full story)