GBP/JPY has failed, thus far, to break its declining trendline. Monitor the short-term support area given by 126.96 (23/10/2012 low) and 126.71 (22/10/2012 low). A break of the resistance at 128.49 (intraday high) is needed to invalidate the current short-term decline. • GBP/JPY is still under…
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GBP/JPY decline approaching a support area – MIG Bank