Friday, November 20, 2009

GBP/JPY Targeting The Lower Trendline


The Pound lose against the Yen to 147.31, following the triangle break and 148.40 support. My key support level is around 146.46/74 (near 50% level of 139.70 to 153.22), which is my target for current position. Next target is the rising trendline from daily chart near 61.8% level at 144.86.

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