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GBPJPY






1/6/2015 1:54:42 AM

GBPJPY - Technical Analysis: Tuesday, 06/01/2015 06:54 GMT



The pair completed drawing a double top pattern by breaking 181.40 level, the full target of this pattern almost meets the major ascending channel’s support line, waiting for temporary decline in the upcoming period.

Negative pressure from the exponential moving average 50 and the rise of the bears’ power indicator are factors that support the expected decline.


Target
Risk


Support
Resistance


Trend Bearish

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