GBPJPY is looking for a breakout from the upper trendline of a symmetrical triangle at 167.10 after a gradual weekly increase from the 164.00 low. On the downside, the 23.6% Fibonacci retracement of the latest upleg is currently reducing selling incentives, with the RSI and the MACD suggesting that traders are in a wait-and-see mode as the indicators remain trendless around […]
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