Pound Yen Bulls have Reasons to Cheer
Though the previous Double Top that started in June and led to a 1400 pip slide from the August 7th high of 163.07 to lows in the 149.00 is short term bearish, the there are reasons for bulls to be encouraged. A Double Bottom in an uptrend above the 200 Moving average in a Fibonacci support zone is a recipe for continued prices heading higher.
Al Bawaba
