GBP/JPY Weekly Technical Report 8-12/4/2013
ecPulse
2013-04-08 09:04AM UTC
The GBPJPY pair maintained the extreme bullish bias, breaking the latest major highs at 148.00 and started the week with a bullish gap to retest a historical resistance at 151.60. The bias is strongly bullish, but the pair is hanging in the air as RSI is also showing overbought signals. We expect the bullish bias to continue, but look to long the pair after a minor pullback.
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