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11-06-2008
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Forex Trading: GBP/JPY in Consolidation on 1 Hour Chart
 GBP/JPY has been consolidating and is looking for a breakout on the topside around 160.50/00 level, and 153.65 on the downside. Keep your eye on these levels ahead of the BOE rate cut this morning at 7:00 AM EDT where they are expected to cut by 50 bps.The 10,21,100 and 200 HR MA's are all converging around the current rate around 155.00 so this could be a key level for GBP JPY More...     
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LinkBack to this Thread: http://www.moneyguruforum.com/fxdd-forex-news/24611-forex-trading-gbp-jpy-consolidation-1-hour-chart.html
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| Posted By | For | Type | Date | |
| GBP / JPY Chart - My Marketiva Forex Blog | This thread | Refback | 11-11-2008 07:33 AM | |
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