The GBP/JPY is currently flirting with the bottom of the 134-135.50 area that was so important recently. This shows that the bears might be trying to push harder as we fall. The truth is that there are several central banks out there willing to sell yen, and this kind of move could snap back in your face if you attempt it. Because of this, we are looking for buying signals in the form of proven support. Look to see what this market does in this area, and look to buy if we get supportive action.
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