Tuesday, December 22, 2015

The Pound versus the Yen keeps its bearish trend

The GBP/JPY breaks below the 180.00 level and keeps its bearish trend from a few weeks back. The drop stalls momentarily at the 179.00 level, but it could keep falling towards the 178.00 level, which could also act as support. Above the 180.00 level we have a few round number levels which could act as resistance, but the most important one is the zone between the 183.00 and the 184.00 levels.


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WTI oil at the 200 day EMA

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