Medium-term buyers gain in the GBP/JPY on Momentum

MACD on the 4-hour chart of the GBP/JPY rises above its zero line and generates a buy-signal.

With the increase over the zero line, what happened the last Time a week ago, the MACD is positive Momentum. Momentum traders, which have just been waiting for such a Signal, could try to open new long positions in the GBP/JPY.

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