Tuesday, September 18, 2012

GBP/JPY intraday: the upside prevails.


Pivot: 126.75
Our preference: Long positions above 126.75 with targets @ 128.3 & 128.85 in extension.
Alternative scenario: Below 126.75 look for further downside with 126.15 & 125.6 as targets.
Comment: the pair is pulling back but stands above its support.

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