Wednesday, January 1, 2014

GBP/JPY Daily Outlook

GBP/JPY's rally continues today and reaches as high as 174.84 so far today. Intraday bias remains on the upside. Current rise should extend to 161.8% projection of 147.61 to 159.98 from 156.63 at 176.64 next. On the downside, below 172.81 minor support will turn bias neutral and bring consolidations first.



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