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British Pound Likely to Pull Back versus JPY

British Pound Likely to Pull Back versus JPY

David Rodriguez, Head of Product
ssi_gbp-jpy_body_Picture_20.png, British Pound Likely to Pull Back versus JPY

GBPJPY – We’ve remained bullish the GBPJPY for some time now, but fairly clear historical patterns suggest that the GBPJPY may be starting a larger correction. We’ll keep an eye on the SSI to gauge the next likely moves, but in the interim declines seem likely.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com; Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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