GBPJPY appears to have been again denied passage above the 140.00 mark, which happens to be the 76.4% Fibonacci retracement of the down leg from 144.94 to 124.00, following a bounce off the 100-day simple moving average (SMA). The sliding 200-day SMA and the horizontal Ichimoku lines aid a pause in positive price action, while the upward incline of the 50- and 100-day SMAs, conveys strength for advances. At this time, the short-term oscillators’ are exhibiting mixed signals in directional momentum. The MACD, in the positive region, is holding above its red trigger line, while the dipping RSI is falling lower in ... (full story)