GBP/JPY’s strong rebound last week suggests that fall from 193.45 has completed at 183.70 already. Rebound from there is seen as the third leg of the corrective pattern from 183.70. Initial bias stays on the upside this week for 193.45 resistance first. Firm break there will target 61.8% retracement of 208.09 to 180.00 at 197.35. […]
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