GBPJPY completed five straight negative days with strong momentum, while during Friday’s session the price is paring some losses. On Thursday, the pair recorded a fresh 11-week low of 145.67 and is trading slightly higher from this trough. The neutral to bearish picture in the short term looks to last for a while longer after prices failed to break below 145.67 over the last couple of sessions in the 4-hour chart. From the technical point of view, the negative bias is supported by the deterioration in the RSI indicator. The index is sloping slightly to the downside in the negative zone, however, the MACD oscillator ... (full story)