The Pound-Yen has been on a steady decline recently with bears in control. However, the 200-day Moving Average is slowly creeping up upon it. With last weeks failure to break above 152.000 earlier in the week, this pair will continue to struggle to find bullish momentum.
- Should the price continue to trade below 151.500, the pair will continue to trade in its downtrend.
- A successful test of the 200-day SMA may see the pair regain some of its losses.