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Forex Trading: Sterling cross (GBP/JPY) seeing some strong bids even though straight Sterling was initially offered...

Posted by Michael FX on Wed, 05/14/2008 - 5:09am in

Sterling cross (GBP/JPY) seeing some strong bids even though straight Sterling was initially offered after the UK data @ 4.30 am EST. The pair here is reaching some formation resistance on a short term.