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Old 10-23-2007, 12:26 AM
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topchess topchess is offline
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Join Date: Dec 2006
Location: Cairo, Egypt
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GBP/JPY

The daily chart close below all MAs is certainly bearish, however cautious is seen with Stochastic rebounding from oversold areas and already made a positive cross, and point up to a correction.

First Resistance seen by 233.70, thereafter 234.50

We will sell a top side test failure near resistance levels with tight stops.
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