Friday, October 11, 2013

GBP/JPY Weekly Outlook

GBP/JPY drew support from 55 days EMA last week, and was supported above 154.67 and rebounded. The development suggests that pull back from 159.98 is completed at 154.72. Rise from 147.61 might not be completed yet. Initial bias is mildly on the upside for 159.98 and possibly above. But we'd



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