Saturday, April 18, 2015

GBP/JPY Weekly Outlook

GBP/JPY dropped to as low as 174.85 last week but couldn't sustain below 175.49 support and recovered. Initial bias is turned neutral first. Near term outlook will stay bearish as long as 179.28 resistance holds. Below 174.86 will extend the fall fro 189.70 and target 168.10 key support level. However,decisive



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