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Thursday, July 23, 2009

GBPJPY


After breaking above the short term range going into London, of 155.50, it is stalling a bit to the decline in the JPY. If 155.50 doesn't hold, watch for a break below 155, which is also the 23.6 Fib from yesterday's low. Target the 38.2 Fib and the 50.0 Fib.

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