GBP/JPY Classical Technical Report 10.27
GBP/JPY: The latest stalling in the 122.50 area could very well signal the end to a correction and open the door for a resumption of the broader downtrend. Look for a break and close back below 120.00 to confirm and expose fresh record lows below 116.80, while back above 122.65 would negate and suggest that a more significant base is being carved out.
--- Written by Joel Kruger, Technical Currency Strategist
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