Tuesday, September 25, 2012

GBP/JPY intraday: key ST resistance at 126.8.


Pivot: 126.8
Our preference: Short positions below 126.8 with targets @ 125.9 & 125.6 in extension.
Alternative scenario: Above 126.8 look for further upside with 127.15 & 127.55 as targets.
Comment: the pair stands below its resistance and remains under pressure.

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