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GBPJPY bearish a la bullish cycle!

Tue, Oct 27 2009, 15:02 GMT
by Anthony Samaha

ForexSurvivor


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(27October US) Latest Impact: GBPJPY bearish a la bullish cycle!

 

            GBPJPY is trading on its own standard, and it is a wave-laggard comparing its axe to other yen crosses. The low of the week is important for the next move; a close below 14919 and the pair may head towards 50% Fibo 146band. Aggressive traders may be on sell mode for now as price action almost reading 15020 but a close above 15170 will endanger the bearish move and should be set for an exodus. If you are holding a bullish position, then do not allow a close below 14919 to run your position further.

 

 

 

 

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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

 

 

 

 

 

 


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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. **** Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

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