GBP/JPY’s fell sharply last week but the decline halted after hitting 38.2% retracement of 197.47 to 214.98 at 208.29. Initial bias is neutral this week first. On the downside, sustained break of 208.29 will suggest that larger scale correction is already underway and target 203.27 fibonacci level. Nevertheless, strong rebound from current level, followed by […]
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