Contributors Technical Analysis GBP/JPY Pressured By The Nikkei’s Drop

GBP/JPY Pressured By The Nikkei’s Drop

Price drops further as the Nikkei stock index retreats after the yesterday’s amazing rally. A further Nikkei’s increase forces the Yen the appreciate versus all its rivals on the short term. The next downside target will be at the 148.46 static support, only a valid breakdown will confirm a larger drop.

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