Thursday, April 3, 2014

GBP/JPY Daily Outlook

GBP/JPY lost momentum ahead of 173.57 and intraday bias is turned neutral first. Outlook is unchanged. Price actions from 174.84 are viewed as a consolidation pattern with rebound from 163.87 as the second leg. With 170.98 minor support intact, such rebound could extend above 173.57. But we'd expect strong resistance



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