GBPJPY, although having nudged over the 50-day simple moving average (SMA) at 151.85, has yet to overstep the Ichimoku cloud’s upper surface, residing between the 50-and 100-day SMAs. The 100- and 200-day SMAs are backing a positive picture, while the 50-day SMA is endorsing a phase of consolidation along with the unclear Ichimoku lines. That said, the short-term oscillators are suggesting that bullish momentum is ahead. The strengthening MACD has neared its zero mark after pushing above its red trigger line, while the RSI is improving in bullish territory. The stochastic oscillator is maintaining a positive charge ... (full story)