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British Pound Targets Lows versus Japanese Yen

British Pound Targets Lows versus Japanese Yen

David Rodriguez, Head of Product
ssi_gbp-jpy_body_Picture_17.png, British Pound Targets Lows versus Japanese Yen

GBPJPY – Forex trading crowds continue to buy into British Pound weakness against the Japanese Yen, and our sentiment-based trading strategies continue selling into GBPJPY declines with clear success.

Past performance is NOT indicative of future results, but we believe that strongly volatile markets favor trading breakdowns in the GBPJPY and other Japanese Yen pairs. Focus turns to January lows of ¥119.50 and modern lows near ¥116.80.

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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