Friday, November 1, 2013

GBP/JPY Daily Outlook

Intraday bias in GBP/JPY remains neutral first. Above 159.52 will extend later rally. But we'd continue to expect strong resistance below 163.05 resistance to bring larger reversal eventually. On the downside, below 156.75 will turn bias to the downside. Decisive break of 154.72 will be an early sign of reversal



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