Wednesday, September 01, 2010

GBP/JPY Gonna Break Above?

The pair is currently consolidating between 130.35 and 128.63 following the fall from 133.59. At this point, we wait. If the price break above the resistance, the it is the double bottom pattern. The target would be around 131.40. If the support broken after ADP released, then the downtrend should least until Friday. Ok then lets see what happen in the next few minutes. Enjoy the show!

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