GBP/JPY Weekly Outlook

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03-06-2010, 03:13 PM

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GBP/JPY Weekly Outlook

GBP/JPY dived to as low as 132.13 initially last week but staged a strong rebound on Friday to close strongly at 136.62. The development indicates that a short term bottom is formed at 132.13 and we'd expect more corrective rise going forward, probably to 38.2% retracement of 150.68 to 132.13...

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