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GBP/JPY - A Significant Top In Place?
Wednesday, 16 May 2007 20:42:10 GMT
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The Elliott Wave count, a weekly bearish engulfing pattern, and a break of a weekly low all point to the GBPJPY plummeting soon. If the pair rolls over, how low will it go? No trade is a sure thing of course, so where can we limit risk? We address this and more in the top/bottom setup of the week.
**A new trade idea for the top/bottom portfolio is published on dailyfx every Wednesday. Additional trade ideas and updates to the ideas are published everyday on FXCMTR, and are available only to FXCM clients.
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