The GBPJPY internal format bar today just above the support near 131.50-132.00.In the chart below we can see that this is a very significant that held strong numerous times in the past. upwards we see resistance coming in about 135.00
Internal bar often will swing main points as the level of support in the graph below providing great risk reward opportunities.
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Comment:
The dollar recovered some of its recently lost ground against other Major. today the dollar gained modestly on Australian dollar, euro, New Zealand dollar and Canadian dollar, losing ground modest for other Major.
Gold rose to near $ 1300 an ounce of today and ended higher for the fourth day in a row.
The Japanese Yen gained ground against other Majors today and the USDJPY moved to its lowest level since last week's intervention.
The Dow lost points 76 89 or 0.72%, S & P 500 fell 9.45 points or 0.83% and the Nasdaq lost points 7.47 or 0.32 percent.
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