GBP/JPY – July 25, 2010
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GBP/JPY
July 25, 2010

Current Price: 134.77
Major Resistance Levels: 135.50, 137.25, 138.95, 140.20, 141.50
Major Support Levels: 133.00, 131.25, 129.55, 128.25, 127.00
Trade Plan: Buy at a break above the July 14 high of 135.83, with a stop below the July 22 low at 130.85. Our initial target will be 143.50.
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DISCLAIMER: This is a qualified estimation of the Market situation, which can prove, and has sometimes proven, to be incorrect. Trading in instruments involves high risk. Do not invest money that you cannot afford to lose. It is your money at risk, you must always invest it with prudence.