Friday, July 4, 2008

GBP/JPY Daily Outlook

GBP/JPY continues to engage in choppy sideway trading between 209.39 and 212.32 today. At this point, there is no signal on completiong of fall from 213.91 yet. Outlook remains neutral for the moment. On the one hand, failure to sustain above 213.48 key medium term resistance, and bearish divergence conditions...



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