GBP/JPY Possibly Topping

By | June 3, 2010

The GBP/JPY broke above 134.50, and may continue to 135.60 to test the 61.8% retracement level. There are some slight signs of possible topping from the 4H candlestick combination forming. A decline appears imminent and targets 123.15. A short-term support from the rising channel support near just above 132.0 should View full post on Technical Analysis


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