GBP/JPY retreated sharply after edging higher to 198.94 last week but stays above 194.04 support. Initial bias stays neutral this week first and outlook is unchanged. Corrective pattern from 180.00 is still extending. On the upside, above 199.79 will will target channel resistance (now at 203.90). However, firm break of 194.04 will turn bias to […]
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