British Pound Yen, European Session

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08-03-2008, 09:34 PM

mallesh

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Join Date: Jul 2008

Posts: 1,144

British Pound Yen, European Session

214,39. GBP JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a support above 213,80. If the support is broken then the target will be 212,20 (220 pips).

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