Saturday, August 30, 2014

GBP/JPY Weekly Outlook

GBP/JPY's rebound from 170.42 extended higher last week and the development suggests that fall from 175.36 has completed at 170.42 already, ahead of 169.53 key support. The development argues that price actions form 175.36 are developing into a sideway consolidation pattern rather than reversing the trend. Initial bias is mildly



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