Monday, December 8, 2014

GBP/JPY Daily Outlook

With 187.29 minor support intact, further rise is still mildly in favor in GBP/JPY for 190 psychological level. Sustained break will target next long term fibonacci level at 199.80. Meanwhile, momentum as seen in 4 hours MACD isn't too convincing. And the cross looks overbought in daily chart. Break of



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