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One last GBPJPY chart for the day, August 5, 2008

Ranging directly above the 2.618 target.
The minor fib level at211.83 should prove resistance, just as 212.87 provided resistance yesterday when the market ranged around the 1.618 level.
There is no support.
080805-1454-gj1hr.gif

Posted by Pure Guesswork on August 5, 2008 3:01 PM |

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