GBP/JPY extends decline for the second straight session. Rejection above 21-DMA exposes the 50-DMA support once again. RSI has turned bearish while the cross wavers within a triangle. GBP/JPY is extending losses into the second straight day on Wednesday, as the sellers have regained control after failing to find a foothold above the horizontal 21-daily moving average (DMA) at 150.98. The 14-day Relative Strength Index (RSI) has also crossed over and entered the bearish territory, advocating the recent downside. Therefore, the sellers now target the critical upward-sloping 50-DMA at 150.02 if the bearish pressures intensify. developing story … GBP/JPY daily chart GBP/JPY additional levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBNZ Core Inflation Model rises by 1.9% YoY in Q1 2021, Kiwi unfazed below 0.72 FX Street 2 years GBP/JPY extends decline for the second straight session. Rejection above 21-DMA exposes the 50-DMA support once again. RSI has turned bearish while the cross wavers within a triangle. GBP/JPY is extending losses into the second straight day on Wednesday, as the sellers have regained control after failing to find a foothold above the horizontal 21-daily moving average (DMA) at 150.98. The 14-day Relative Strength Index (RSI) has also crossed over and entered the bearish territory, advocating the recent downside. Therefore, the sellers now target the critical upward-sloping 50-DMA at 150.02 if the bearish pressures intensify. developing story ... GBP/JPY daily… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
