The GBPJPY formed 2 consecutive inside bar, indicating that this market is tight clearance for a possible break strong out move. The trend is down so that we should encourage the disadvantage right now. However, given the fact that support sits near below 127.65 near, not really see a reward great respect to the risk.
Ideally, it would be for this within the upper bar setup to break and run into resistance near 132.00 and subsequently form a setup of downward price action. in this case would we then held a short.
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Comment:
The dollar was mixed against some currencies today, on the rise and fall against the other. how to close the session in New York, the dollar has made modest gains against the pound sterling, Australian dollar and Canadian dollar.
The dollar has lost ground modest for the euro, the Japanese yen and franc, New Zealand dollar.
The Dow added 50 63 points or 0.49%, S & P 500 rose 9.81 points or 0.91% and the Nasdaq added 23.17 points or 1.06%.
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