{video}GBPJPY has been steadily declining since its peak at 186.45, hitting a low of 178.00 earlier this month before rising back above 180.00. The resistance trendline from August’s peak came to cancel last week’s bullish action at 183.80, with the technical indicators currently raising doubts as to whether the pair will find enough buyers to rotate higher again. The RSI is not making much progress around 50, and the stochastic oscillator is still going down. The MACD provides little hope for a rebound as well, as it’s losing steam despite fluctuating above its red signal line in the negative area. In trend signals, ... (full story)