01st Nov - Recovery in GBP/JPY Continues
01 November 2014
MONTHLY CHART:
The multi-year recovery in this
cross rate is now closing in on
the long term50% retracement
level towards 184.00.
DAILY CHART:
Good support was recently found
at a 76.4% pullback level. With
potential resistance from prior
highs overcome the s/term focus
is on the 180.66 Sep high and
rising resistance at 181.65. A
break through these would invite
higher targets.
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