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GBPJPY Breakout Buy at 153.80

By Jamie Saettele, CMT, Sr. Technical Strategist
10 September 2009 21:45 GMT

OPEN ORDERS/TRADES

0910ts1

* INDICATES TRADE HAS BEEN TRIGGERED

 

0910ts2

The GBPJPY is attempting a break from a short term head and shoulders bottom.  Trading above 153.68 would clear the way for a run towards measured objectives of 155.60 and 158.26.  See the above table for entries and exits.



Jamie Saettele publishes Daily Technicals every weekday morning (930 am EST), COT analysis (published Monday mornings), technical analysis of currency crosses on Monday (Euro and Yen crosses), and Intraday Forex Trading Strategy as market action dictates.  He is also the author of Sentiment in the Forex Market.  Follow his intraday market commentary at DailyFX Forex Stream.  Contact Jamie at jsaettele@dailyfx.com

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10 September 2009 21:45 GMT