Thursday, December 18, 2014

GBP/JPY Daily Outlook

No change in GBP/JPY's outlook. While correction from 189.70 might extend, we'd continue to expect strong support from 181.09, 38.2% retracement of 168.01 to 189.70 at 181.41, to contain downside and bring rebound. Above 187.04 will turn bias to the upside. But break of 189.70 is needed to confirm rally



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