GBP/JPY Technical Analysis for July 20, 2011 |
posted 15:52 07/19/11
Of the three Yen-related pairs that we follow, the GBP/JPY pair looks the most promising after the Tuesday trading session. The pair looks like it is trying to form a base, and go upwards from there. However, the 130 should prove to be very tough to break through, and would be an excellent place in which to short weakness in this market. We won’t buy until we close above that area.

Originally posted here.
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