Wednesday, June 1, 2011

Yen-Strength Throws GBP/JPY Back at Rising Channel Support



The poor ADP employment release brought a wave of risk aversion, boosting the JPY and the CHF. Also, note soft UK manufacturing PMI not helping the sterling-rally that was so sharp last week.

GBP/JPY, which has shown bullish strength in a rising channel is pushed back to the support. The ability

Source: ActionForexall Rss Feed

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