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Forex Trading: GBP/JPY much higher on the back of a higher component...

Posted by Michael FX on Fri, 04/25/2008 - 6:25am in

GBP/JPY much higher on the back of a higher component. As you can see, the previous formation highs were not a enough resistance to keep the pair down, even though there was a short lived bid in JPY in the USD/JPY component as USD/JPY came down from its highs.