Saturday, December 13, 2014

GBP/JPY Weekly Outlook

GBP/JPY's fall last week indicated short term topping at 189.70. Deeper correction is expected for 184.31 ahead. But at this point, we'd expect strong support from 181.09, 38.2% retracement of 168.01 to 189.70 at 181.41, to contain downside and bring rebound. On the upside, break of 189.70 is needed to



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