GBPJPY Classic Technical Report 07.20.2012
Prices are pulling back from range resistance at 123.81, with initial support lining up at 122.79. A break below this boundary initially exposes 122.12. Alternatively, a push above support targets 124.40.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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