Friday, January 23, 2015

GBP/JPY Daily Outlook

Intraday bias in GBP/JPY remains neutral for the moment after drawing support from 61.8% retracement of 168.01 to 189.70 at 176.29 As long as 180.93 resistance holds, deeper decline is still expected Below. 175.86 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.



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