GBP/JPY edged higher to 186.45 last week but retreated since then. Initial bias is mildly on the downside this week, for pull back to 183.23 resistance turned support. Nevertheless, break 186.45 will resume larger up trend to 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. In the bigger picture, up trend from 123.94 […]
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Daily Pivots: (S1) 193.16; (P) 193.89; (R1) 194.51; More… No change in GBP/JPY’s outlook and intraday bias stays on the downside. Corrective rise from 180.00 could have completed with three waves up to 199.79. Deeper Read more…