GBP/JPY bulls take a breather around 152.55 as the key moving average (100-DMA) probes short-term up-moves during the early Asian session on Tuesday.

GBP/JPY bulls take a breather around 152.55 as the key moving average (100-DMA) probes short-term up-moves during the early Asian session on Tuesday. It’s worth noting that a downward sloping trend line from late May, around 154.00, will also be the key hurdle for GBP/JPY bulls.

Overall, GBP/JPY is up for recovering monthly losses but short-term advances seem to need a trigger.

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