The GBP/JPY completed a double top ahead of today’s NFP release at 8:30AM ET. This double top suggests a decline, but it can also be a flat correction to be followed by continuation. Normally, I would be looking at the pullback to see if it can be rejected. A pullback
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GBP/JPY: A Pullback after Double Top; Price Action Volatile but Within Daily Range
– July 2, 2010Posted in: Forex Technical Analysis