Monday, September 17, 2012

GBP/JPY intraday: the upside prevails.


Pivot: 126.15
Our preference: Long positions above 126.15 with targets @ 127.5 & 127.95 in extension.
Alternative scenario: Below 126.15 look for further downside with 125.6 & 124.9 as targets.
Comment: the pair stands above its new support and should post further advance.

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