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GBP/JPY and the Special Fibonacci Level

From investdiva.com

Most markets opened on Monday with a huuuuge gap. Some in particular opened at interesting levels. For example, GBP/JPY Fibonacci analysis shows the pair opened at a hard resistance. Something makes this Fibonacci very special. A Special F if you will. It was mainly the French elections that drove the gap. We covered that yesterday. Japanese Yen was one of the currencies which got pretty strong. Probably because market participants turned to it as safe haven. UK Fundamentals: Brexit got pushed to the front once more after U.K. Prime Minister Theresa May called for a snap election last week. The GBP jumped high on the ... (full story)

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  • Category: Technical Analysis