Main scenario: consider long positions above the level of 1.3400 with a target of 1.4100 – 1.4300 once corrections are formed. Alternative scenario: breakout and consolidation below the level of 1.340
The GBP/JPY plummeted below 185.50 in Friday trading after UK Retail Sales broadly missed market forecasts, sending the Pound Sterling (GBP) tumbling, but a midday recover in broad-market risk appetit
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