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GBPJPY Continues the Correction Aiming for the Crucial Support (158)
In Forex, the second half of March is definitely the time the Yen is weak. The depreciation of the Japanese currency was seen on almost all fronts and its scale was, for many people, really surprising. The last few days of March bring us a correction of this movement though. The Yen is gaining strength but at this point, it’s hard to consider it as something more than a simple correction. As an example, we’ll use the GBPJPY, which is loved by retail traders thanks to its volatility. The gamechanger here happened on March 22nd, when the price broke the crucial horizontal resistance on the 158 (green). The movement ... (full story)