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Forex Trading: GBP/JPY profit taking after strong bid...

Posted by Michael FX on Wed, 04/16/2008 - 3:46am in

GBP/JPY came under some considerable pressure near its highs which may have been technically based, as the below chart shows. We may see continued pressure on the cross if it can't get bid above 200.50 and its component above 1.9730.

 

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