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The Daily Forecaster: GBPJPY

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 4, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The range dramatically broke and extend losses to the 139.30-35 lows. Although I can't see anything to suggest a reversal I feel we should be aware of the risk of a push higher. Wait for break above 141.36 and if seen it should extend the gains to 141.87 and 142.08....

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  2. Fxtrader88

    Fxtrader88 New Member

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    [​IMG]
    Intraday bias in GBP/JPY remains on the downside for the moment. Consolidation pattern from 180.36 has completed at 188.79. Deeper fall is expected for a test on 180.36/64 support zone. In case of recovery, outlook will stay cautiously bearish as long as 188.79 resistance holds.
     
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