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gdpjpy

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Feb 01, 2012 02:11 pm
#1
cees User

Posts: 385
Member since: 05/12/2011

GBP/JPY jumps above 120.60 ahead American open

After trading lower yesterday American session from 120.60 and testing 1-week low at 119.60 today's European morning, the GBP/JPY has jumped around 100 pips in the last two hours to post fresh intra-week high at 120.80 ahead the American opening bell.

Currently the pair is trading close to 120.50, 0.30% above opening price.

"Intraday trade remains tight and well confined within the broader 119.51-120.72 range. "And this is keeping the down-leg from 122.04 high in play and slip of 119.51/43 supports will unlease another round of strong selling towards 119.16 then lower 118.27.

Feb 01, 2012 02:12 pm
cees User

Posts: 385
Member since: 05/12/2011

Originally posted by cees

GBP/JPY jumps above 120.60 ahead American open

After trading lower yesterday American session from 120.60 and testing 1-week low at 119.60 today's European morning, the GBP/JPY has jumped around 100 pips in the last two hours to post fresh intra-week high at 120.80 ahead the American opening bell.

Currently the pair is trading close to 120.50, 0.30% above opening price.

"Intraday trade remains tight and well confined within the broader 119.51-120.72 range. "And this is keeping the down-leg from 122.04 high in play and slip of 119.51/43 supports will unlease another round of strong selling towards 119.16 then lower 118.27.

 



Feb 05, 2012 06:12 am
Jogi User

Posts: 685
Member since: 06/06/2011

Hello cees. Isnt it copy pasting from different sources. I think personal opinion on market movement should be posted here. You can give reference of other sites but copy pasting looks weird.

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jul 02, 2012 03:23 pm
bharat23 User

Posts: 94
Member since: 26/04/2012

Yeah its seems that it can be more profitable to us and we can make a good amount of profit through it just follow the market news and i am just giving my best here.

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