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Thursday, February 16, 2012

GBP/JPY 16.02.2012


/ On : 10:36 AM
The fact that GBP / JPY yesterday on a decline of 122.66 support.
All indicators are bullish.
Parity is still evolving over its bullish slant (purple line).
We continue to advise long positions that support is 122.50.
The breakout of 124 will give a new buy signal and pave the way towards 125.
In case of return below 122.50, we will be neutral between this level and 121.83
The break would give 121.83 a sell signal.


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