GBPJPY is struggling to extend further gains past the December 2019 high of 147.95. The near two-month impressive climb from the 136.95 trough appears to currently be a tad frail, something also reflected in the slight stalling of the hiking Ichimoku lines. Nevertheless, the predominantly bullish simple moving averages (SMAs) are continuing to nurture the rally. The short-term oscillators remain relatively skewed positive. The MACD, some distance above zero, is rising over its red trigger line, while the RSI is persisting above the 80 threshold. The stochastic lines are hovering in overbought territory and have yet ... (full story)