Wednesday, September 19, 2012

GBP/JPY intraday: further advance.


Pivot: 127.3
Our preference: Long positions above 127.3 with targets @ 128.85 & 129.4 in extension.
Alternative scenario: Below 127.3 look for further downside with 126.75 & 126.15 as targets.
Comment: the pair is rebounding on its new support as the RSI is turning up.

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