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Old 11-03-2008, 09:54   #44
rufffen
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Re: rufffen XAU spot gold and majors trades

GBP JPY update

Ok, here the SL was hit for approx 60 pips with SL at previous max, however, now is a good idea to attempt some more brief shorts. This looks like the GBP JPY is reversing from the downtrend and trading above weekly balance point, which is
206,15


The weekly GBP JPY zones are as follows:

200,27 BUY1
201,89
203,52 BUY2
204,02
208,28 SELL2
208,79
210,41 SELL1
212,04


Ok, let's wait and see what happens now
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