GBPJPY attempted to break the upper border of the neutral zone it has been ranging within this week, but its efforts proved unsuccessful as the 153.40 barrier defended the bears once again. The short-term oscillators are also in favor of the bears; the RSI is moving sideways near its 50 neutral mark and the stochastic oscillator is approaching the oversold territory after the bearish cross within the %K and %D lines. Hence, the short-run risk is looking neutral-to-negative at the moment and another retest of 151.25 is possible. A fall below the latter could open the way for the 23.6% Fibonacci retracement level of ... (full story)