Δευτέρα 18 Ιανουαρίου 2016

Technical Analysis GBP/JPY

The fx pair GBP/JPY is oversold and is showing promise of recovering to within the channel depicted by the two trendlines. Also, net long yen positions are largest since October 2012. (http://www.marctomarket.com/2016/01/speculators-boosted-long-yen-positions.html) The break above the support trendline has happened and we expect it to try and move towards the resistance.

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