Saturday, January 31, 2015

GBP/JPY Weekly Outlook

GBP/JPY stayed in sideway consolidation pattern from 175.77 and outlook is unchanged. Further consolidation might be seen. But we'd expect upside to be limited by 180.93 resistance and bring fall resumption. Break of 175.77 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.



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