GBPJPY bounced back into the upward-sloping channel to close with moderate gains following the freefall to a one-month low of 158.54 on Thursday. The 38.2% Fibonacci retracement of the 172.10-155.34 downleg resumed its resistance role, curtaining the bullish momentum around 161.75. While the price keeps testing that level today, the technical indicators are dampening hopes for […]
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