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January 16, 2013

GBP/JPY Trade Strategy Snapshot 1/16

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Correction channel, Fibonacci retracement: The 1H GBP/JPY chart shows a market in a correction channel this week, against a market that has been in a sharp bullish trend at least from November 2012. The latest swing is from Jan. 8 low of 139.37 to 144.78. This week, GBP/JPY has made a fibonacci... FF News: Technical

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