GBPJPY in the last nine days has logged only one bearish doji candle and it seems set to push to new heights as upside pressures continue to overpower. It appears the pivot at 147.39 gained significant traction refuelling the rally and lifting the price to a 34½-month high of 152.22. The rising Ichimoku lines are assisting the 3-month rally from 136.77, while the advancing simple moving averages (SMAs) are endorsing the bullish structure. The short-term oscillators are also reflecting the dictating bullish tone in the pair, suggesting further advances. The MACD is far above the zero threshold and has nudged back ... (full story)