GBPJPY could not capitalize from Tuesday’s surge above the short-term resistance trendline, staying muted around the 183.55 area. The RSI is above its 50 neutral mark, although weaker, and the MACD is keeping its footing above its red signal line and within the positive area, both reflecting that buyers are still active. Yet, with the stochastic oscillator looking for a downside reversal near its 80 overbought level, it’s uncertain if there is enough bullish power to boost the price towards the August top of 186.45. Nevertheless, the pair has key levels underneath for protection against selling forces. The 50-day ... (full story)