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December 11, 2011

GBPJPY: Closes Flat, Maintains Long Term Bearish Tone

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GBPJPY – The cross closed flat after failing to follow through higher on its previous week gains at the end of the week. This suggests a return to the 119.35 level, its Nov 24'2011 low and its major support standing at the 116.78 level, its Sept 27'2011 low could be building up. Below here if seen... FF News: Technical

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