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
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