GBPJPY-13:10 (CET)

 @ibtimes on December 07 2009 7:57 AM

Friday, the sterling advanced until it met the short trend from October's high at 153.32. Right now, the price is correcting part of the movement it made since it build the triple floor. We can see from the one hour candles that the price is near the uptrend is marked since the mentioned low, so if it does its job, the price will rebound to try to break the downtrend again, to stay at 150 yens per pound. Below, losing the support at 146.98 will make the price slide down to 145.66.

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