{video} GBPJPY has successfully overcome the downward resistance line drawn from May’s peak of 146.49 and rallied above the 50-day simple moving average (SMA) to test the 133.00 mark and the upper surface of the Ichimoku cloud after four months. The positive momentum in the MACD and the RSI reflects a strong bullish bias for the short-term. Yet, overbought signals look to be appearing on the horizon as the price is flirting with the upper Bollinger band for almost a week and the distance between the RSI and the 70 overbought mark is narrowing. Above the 133.00 level and the cloud, the door would open for the 135.50 ... (full story)