Sunday, October 13, 2013

GBP/JPY Daily Outlook

With 156.43 minor support intact, further rise is expected in GBP/JPY. Current development argues that pull back from 159.98 is completed at 154.72. Rise from 147.61 might not be completed yet. GBP/JPY could now target 159.98 and possibly above. But we'd expect strong resistance below 163.05 resistance to bring larger



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