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Looking to Buy GBP/JPY

By Joel Kruger, Technical Strategist
23 September 2011 11:01 GMT

While our in-house model is preventing us from establishing this position at current levels given the intense downtrend and danger of fading such a move, we still like the idea of keeping this cross rate on our radar after the market recently broke to fresh record lows, leaving weekly studies oversold and daily studies even more dramatically stretched.

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23 September 2011 11:01 GMT