Saturday, June 21, 2014

GBP/JPY Weekly Outlook

GBP/JPY's rally continued last week and reached as high as 174.09 but seems to be struggling ahead of 174.84 resistance. Further rise is expected as long as 172.80 support holds. At this point, we'd remain cautious on strong resistance from 174.84 to bring reversal to extend the medium term sideway



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