Saturday, December 28, 2013

GBP/JPY Weekly Outlook

GBP/JPY's up trend extended last week and reached as high as 173.94. Initial bias remains on the upside this week. Current rally should extend to 161.8% projection of 147.61 to 159.98 from 156.63 at 176.64. On the downside, below 171.18 minor support will turn bias neutral and bring consolidations. But



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