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April 5, 2012

GBP/JPY Trading Between Declining Trendline and Rising Support

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The previous GBP/JPY update noted the support area between 129.70-130.00, to hold off a triple top from following through. The market did dip below 129.70, but remains above 129.50 and the support cluster of a rising trendline, and 200 4H simple moving average. The 4H candle in the chart above did... FF News: Technical

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