Friday, October 14, 2011

10.14.11 GBPJPY

GBPJPY broke through the 120.90 area as noted on the prior chart posted on 10.7.11.  The most resistance is found at the 78.6% retracement with the top part of the pitchfork and the downward resistance confirming the area. However, 70.7and 61.8% retracments will also challenge the pair.

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