Wednesday, October 30, 2013

GBP/JPY Daily Outlook

Intraday bias in GBP/JPY remains neutral for the moment. Outlook is unchanged before breakout from 154.72/159.52 range. Near term upside momentum remains very unconvincing. Hence, while above 159.52 will extend recent rally, we'd expect strong resistance below 163.05 resistance to bring larger reversal eventually. Decisive break of 154.72 will be



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