GBPJPY: possible rebound at 146.38 -12:45 (CET)

20 November 2009 @ 07:41 am EDT

The pair continues with the big movements and as the price broke the support at 147.27, the next support is at 146.38. Despite the RSI marking oversold, there is no significant support that could stop the price until that level. If the price doesn't rebound with strength (there is that potential) and loses it too, it could get as low as 144.5 yens per pound.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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