GBPJPY joining the selling party.
Yesterday while JPY pairs were moving lower, the GBPJPY ended the day higher. There was higher inflation data out of UK and that supported the pair. Nevertheless, the high price in the pair tested the 100 day MA and fond sellers against the level (blue line in the chart above) and the pair did close near the lows (although still up on the day).
Forex technical analysis: USDJPY makes a new low. GBPJPY does too (this is about the GBPJPY)
