SMA cross inflicts damage to GBP/JPY chart

An important moving average crossover has occured on the 4 hour GBP/JPY chart.

A press of the 50 moving average below the 200-period is capable of changing the GBP/JPY price trend from aimless meandering to confidently bearish. Absent a new meaningful throw-back towards the 200 SMA, punters will sell the break of recent lows. Nevertheless, the looming SMA cross could be used to assist the bear force on such a short-term upward movement.