Wednesday, July 30, 2014

Daily Forex Update: GBP/JPY

GBP/JPY continues to rise after the recent breakout of the high-quality Falling Wedge chart pattern. GBP/JPY is expected to reach the target level 174.87 in the nearest time. The stop-level for this forecast can be placed at 173.30 (below the breakout level). This Falling Wedge breakout follows the earlier reversal



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