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GBP/JPY Mid-Day Outlook

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, May 20, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    GBP/JPY's sideway trading below 205.02 continues today. Outlook remains unchanged. As mentioned before, rebound from 199.78 was limited by 55 days EMA (now at 204.93). Subsequent retreat dragged 4 hours MACD below signal line, suggesting that an intraday top is in place. Intraday outlook is neutral for the moment and...

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