GBPJPY neutral short-term bias with risk to downside

GBPJPY has a neutral bias in the short term and has been pivoting around the 149.00 level. Momentum is very weak in the market and this is indicated by the flat RSI. The 50 and 200-period moving averages on the 4-hour chart are converging and a bearish crossover is imminent. Near-term risk is til...

GBPJPY neutral short-term bias with risk to downside