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Sunday, November 4, 2007

GBP/JPY Analysis

GBP/JPY close the week just below 240.67 resistance. I have sell position with stop loss above the previous high (241.35). Target is 38.2% retracement and then 50% from 230.30 (Swing Low). If the resistance broken, first target is FE 100 (Target 2).

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