 GBPJPY retreated after rebounding to 161.51 last week. Initial bias remains neutral this week first. On the upside, above 161.51 will bring further rise to 55 day EMA now at 162.32 and above. Nevertheless, on the downside, break of 155.33 will resume the whole decline from 172.11 to 153.70 fibonacci level. In the bigger picture, ... The post GBPJPY Weekly Outlook appeared first on Action Forex... 