Thursday, August 28, 2014

GBP/JPY Daily Outlook

With 171.60 minor support intact, further rise could still be seen. Recent development argues that price actions from 175.36 are developing into sideway consolidation only, rather than trend reversal. Rebound from 170.42 would extend to 174.21 resistance first. On the downside, though, below 171.60 minor support will turn bias back



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