Last week’s recovery suggests that GBP/JPY’s correction from 172.11 has completed at 163.20, after hitting 38.2% retracement of 148.93 to 172.11 at 163.25. Initial bias is mildly on the upside for retesting 172.11 high first. On the downside, however, sustained trading below 38.2% retracement of 148.93 to 172.11 at 163.25 will bring deeper decline to […]
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