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Friday, February 10, 2012

GBP/JPY 10.02.2012


/ On : 11:04 AM
After falling to 121.85 on the supporttheGBP / JPY is testing resistance at 122.66 and touched 123 in overtime
All indicators are bullish.
Parity is still evolving over its bullish slant (purple line).
We continue to advise long positions that support is 121.50.
The breaking of 122.66 will give a new buy signal and open the way to 123then 124.
In case of return below 121.50we will be neutral between this level and 121.
The break of 121 would give a sell signal


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