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Chart Of The Day: GBP/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 10, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Much like with other sterling crosses, the British Pound in the GBP/JPY daily chart, as shown, has essentially been taking a one-way path down since mid-2007. And also like other sterling crosses, this steep downtrend has been interspersed with consolidations in the form of triangles, pennants, and flags (as represented...

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