Tuesday, December 9, 2014

GBP/JPY Daily Outlook

The break of 187.29 support in GBP/JPY suggests that a short term top is already in place at 189.70 on bearish divergence condition in 4 hours MACD. Intraday bias is mildly on the downside for 184.31 support and below. At this point, we'd expect strong support from 181.09, 38.2% retracement



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