Wednesday, January 29, 2014

GBP/JPY Daily Outlook

GBP/JPY's recovery from 167.76 has possibly finished at 171.45 after hitting 4 hours 55 EMA and drops sharply from there. Intraday bias is mildly on the downside for 167.76. Break will resume the correction from 174.84 and would target 166.57 support and below. Meanwhile above 171.45 will turn focus back to 173.65/174.84 resistance zone instead.



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