GBP/JPY edged lower to 207.20 last week but quickly recovered. Initial bias stays neutral this week first. On the downside, break of 207.20 will extend the corrective fall from 214.98 to 38.2% retracement of 184.35 to 214.98 at 203.27. Nevertheless, firm break of 209.68 will turn bias back to the upside for stronger rebound first. […]
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