Archive for December 12th, 2009

GBP/JPY Weekly Outlook

Saturday, December 12th, 2009

GBP/JPY dropped to as low as 141.99 last week but recovered since then. At this point, we’re favoring the case that rebound from 139.26 has completed at 149.15 already. Hence, we’d expect upside of the recovery from 141.99 to be limited by 146.62 resistance and bring fall resumption. Below 141.99…

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