Tuesday, February 24, 2015

GBP/JPY Daily Outlook

Intraday bias in GBP/JPY remains mildly on the upside. The rebound from 175.49 would possibly extend to 187.79/189.70 resistance zone. We'd expect strong resistance from there to bring reversal. Meanwhile, below 181.04 minor support will suggest that rise from 175.49 has completed and will turn bias back to the downside for this support.



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