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capitalpropertiesfx
Jun 25, 2014 7:00 AM

GBPJPY broke higher? 

British Pound/Japanese YenFXCM

Description

I'm really interested to see what happens now. There is a chance that we broke the resistance to upside, however what makes things a bit fishy for the bulls is the fact that we had no follow-through. Price is just consolidating again and that could harm the bullish momentum.
As long as those two upward trendlines stay intact and act as supports, I will remain bullish on the pair.
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