Saturday, February 28, 2015

GBP/JPY Weekly Outlook

GBP/JPY's rebound from 175.49 extended to as high as 185.00 so far. Initial bias remains on the upside this week and such rebound would target 187.79/189.70 resistance zone. We'd expect strong resistance from there to bring reversal. Meanwhile, below 181.65 minor support will suggest that rise from 175.49 has completed



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