Increased upward momentum in the GBP/JPY pair in recent days has brought the MACD to hurdle above its median line.
The condition could be taken by sellers as a reason to jump out from short positions, as well as spur demand for the GBP/JPY among potential buyers.
Outlined on the daily perspective, the oscillator has not printed above zero at least for three weeks, a reason to pay attention to an otherwise less meaningful technical event.
(Market News Provided by FXstreet)