The GBP/JPY cross maintained its bid tone through the first half of the European session and shot to near two-week tops, just above mid-152.00s in the
S&P index tests its 50 day moving average and finds some risk focused buyers against the level.
Price has only closed below its 50 day moving average on two separate occasions in 2021. The price of the S&P has only closed below the rising 50 day moving average two days in 2021. The price has traded below the MA line about 10 times (including today) for all of 2021. Closing below that moving average level today would tilt