GBP/JPY edged higher to 166.23 last week but reversed from there. The development argues that corrective pattern from 168.67 is extending with another falling leg. Initial bias is mildly on the downside this week for 160.37 support. On the upside, above 165.13 minor resistance will turn bias back to the upside for 166.23 resistance again. […]

The post GBP/JPY Weekly Outlook appeared first on Action Forex.