DCFX-TA

GBPJPY | Downward Correction

Short
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY is trading in a narrow range of 158.22 and 156.86 for the past three days. The pair has lost more than 20 pips after dismal UK retail sales data. It has declined for the fifth consecutive month to -0.2% last month compared to a forecast of 0.60%. Possible downward movements in the following sessions.
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