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Slumdog Forex - Daily Forex Analysis

GBP/JPY Channel - September 6,2012


GBP/JPY H4, we see that the pair is now testing resistance at the top of the range. Will it hold? A bearish marubozu may signal that the pair is on its way back down to 123.8. However, a strong close above the week's high around 125.00 could mean that this pair is about to rally to 125.85.


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