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 GBP/JPY Bullish Above 128,50 June 24, 2011 (Daily Strategy)

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PostSubject: GBP/JPY Bullish Above 128,50 June 24, 2011 (Daily Strategy)    Fri Jun 24, 2011 12:34 pm

GBP/JPY Bullish Above 128,50 June 24, 2011 (Daily Strategy)

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GBP/JPY
The wave of drops across the markets brought the United Kingdom pound
– Japanese yen pair all the way to its lowest and critical
support levels in the region of 128.50. The assessment is that so long
as the pair is traded Above
the critical level of 128.50, it is worth a buy position with views
towards price rises to the high levels of 135,00 and 140.00.

In the event of a daily closure Above
the support level of 128.50, this will constitute an indication for a
change in direction and the start of a move in the opposite direction
upwards and towards the resistance level of 133,40

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GBP/JPY Bullish Above 128,50 June 24, 2011 (Daily Strategy)

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