GBP/JPY – Testing support area

• GBP/JPY is weakening since it failed to break the resistance at 129.65. The short-term support area between 127.04 (30/10/2012 low) and 126.71 is challenged. A break would open the way for a move towards the support at 124.75 (see also rising trendline). A resistance is at 127.97 (08/11/2012…

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GBP/JPY – Testing support area