This is a prediction for GBP next week to come:
Initial support at 1.8326 (Jul 7 low) followed by 1.8295 (50% retracement of the 1.8090 to 1.8500 advance). Initial resistance is now at 1.8541 (July 7 high) followed by 1.8559 (50% retracement of the 1.9027 to 1.8090 decline).
Japanese unemployment is down, spare capacity is shrinking and deflation has safely moved to inflation. With the July 2rd Tankan Survey painting a glowing picture of a health economy which included high capex spending and steady YoY CPI
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