Friday, March 28, 2014

GBP/JPY Weekly Outlook

GBP/JPY's rebound from 167.77 extended higher last week and further rise could be seen. But at this point, our view is unchanged. Firstly, price actions from 174.84 are viewed as a consolidation pattern. Rebound from 163.87, as the second leg, is finished at 173.57. Hence, recovery from 167.77 should be



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