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GBPJPY






8/15/2014 3:56:03 AM

GBPJPY - Technical Analysis: Friday, 15/08/2014 07:56 GMT



A negative effect of the head and shoulders’ pattern that appears on the hourly chart, this pattern’s targets located near 169.50, and more negative pressure coming from the exponential moving average 50.

 

Stochastic overlaps negatively supporting the bearish trend which is organized inside the intraday descending channel.


Target
Risk


Support
Resistance


Trend Bearish

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