"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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GBP/JPY - Approaching the key resistance at 163.09
GBP/JPY has broken to the upside out of its medium-term horizontal range defined by the support at 156.64 (05/11/2013 low) and the resistance at 159.53 (22/10/2013 high). The resistance implied by the annual high at 159.99 is challenged. A short-term bullish bias is favoured as long as the hourly support at 158.99 (intraday low) holds. Another support can be found at 157.99 (13/11/2013 low). In the longer term, we favour a further rise towards the strong resistance at 163.09 (07/08/2009) as long as the support at 154.15 (06/09/2013 low) holds. However, a sustainable move above this resistance seems unlikely given the ... (full story)
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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