Forex - Chart GBP/JPY Update: Strong bounce trading


 16:11 (GMT) 15 May

  [Forex Charts]

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Chart GBP/JPY Update: Strong bounce trading (0101-LJWB-C01)

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Asterisk denotes strength of level

17:05 BST - The steep pull lower this afternoon was strongly oversold at 140~ and GBP's responding higher now, looking for the day's high volume line at 141.50. A high close tonight would mark a clear daily reversal off the 50% retracement line & at Feb.'s & look bullish. Response at 141.50 is the s/ term key- though- if it rejects the bounce, there are still lower targets.


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