Thursday, February 6, 2014

GBPJPY: Holding Above 165, Seeking Bullish Hammer On Weekly Close

Assuming we close the week around current levels then the weekly chart will produce a Bullish Hammer to suggest near-term strength on the weekly charts. There is also a clearer picture of why the 165 level may well hold as there is a tight confluence of support comprising of 38.2%



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