Thursday, December 26, 2013

GBP/JPY Daily Outlook

GBP/JPY's rally resumed by taking out 171.18 decisively and reaches as high as 172.50 so far today. Intraday bias is back on the upside and current rally should extend towards 161.8% projection of 147.61 to 159.98 from 156.63 at 176.64 next. On the downside, below 171.06 minor support will turn



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