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GBPJPY: Turns Down, Sets Up For 182.49 Level

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 13, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPJPY: With the cross printing back to back long-tailed candles on Friday and Monday to trigger bear pressure during early Asia session, we look for weakness to occur. The cross to target its Oct 07 2015 low at 182.49 level. On upside, resistance is seen at the 184.00 level followed by the 185.00 level. A cut through will set the stage for a move further higher towards the 186.00 level where a break will aim at the 187.00 level. A cut through here will aim at the 188.00 level. On the other

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