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October 25, 2012

GBP/JPY Trading near Key Trendline Resistance around 1.30

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Bullish momentum: The GBP/JPY is continuing a rally that started at 118.83, held roughly in a rising channel since than. The RSI has tagged 70, held above 40 and is again about to kiss 70, reflecting bullish momentum. The use of the 200-day SMA (roughly) as a support is a slingshot, suggesting the... FF News: Technical

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