GBP/JPY’s corrective pattern from 199.96 continued last week and resumed after brief recovery. Initial bias is now on the downside this week for 193.99 cluster support (38.2% retracement of 184.35 to 199.96 at 193.99). On the upside, above 196.95 support turned resistance will turn intraday bias neutral again first. In the bigger picture, price actions […]
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