GBPJPY Corrects From Low, Shows Signs Of Frailty

<p>GBPJPY’s pullback from the multi-year low of 123.97 appears to be displaying symptoms of weakness after reaching back to the 133.13 level, which is the 38.2% Fibonacci retracement of the down leg from 147.95 to 123.97. Backing this view is the downward sloping blue Kijun-sen line and the intact bearish mode within the Ichimoku lines. […]</p>
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