GBP/JPY intraday: capped by a negative trend line

Jul 06, 2012 07:33 am

haney398 User

Posts: 21
Member since: 05/07/2012

Pivot: 124.8

Our preference: Short positions below 124.8 with targets @ 123.6 & 122.85 in extension.

Alternative scenario: Above 124.8 look for further upside with 125.45 & 125.8 as targets.

Comment: the pair stands within a bearish channel

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