GBP/JPY – Challenging its recent lows

• GBP/JPY continues to move with in a declining channel. The hourly support at 173.44 (08/10/2014 low) is challenged. A more significant support stands at 172.99. Hourly resistances can be found at 175.15 (07/10/2014 high) and 175.91 (03/10/2014 high, see also the declining channel). • In the long…

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GBP/JPY – Challenging its recent lows

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