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Author Topic: GBP/JPY Daily Outlook  (Read 4179 times)
Hemant
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« on: March 10, 2011, 05:01:25 am »
GBP/JPY Daily Outlook

No change in GBP/JPY's outlook. Consolidation from 135.48 is possibly still in progress and below 132.80 will flip bias to the downside for another leg towards 131.10 and below. Nevertheless, we'd expect strong support from 61.8% retracement of 125.48 to 135.48 at 129.30 to contain downside and bring rebound. On<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/K6EAlgZUawg" height="1" width="1"/>

Source: GBP/JPY Daily Outlook
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