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GBP/JPY Rockets, Nearing Triangle Resistance

From capitaltrustmarkets.com

Technical Sentiment: Bullish Key Takeaways •U.K. Unemployment drops to 6.9%, giving the British Pound a massive boost; •The resistance of the triangle formation is up next, at 172.80 – 173.12. The British Pound received a larger than expected boost as U.K. unemployment fell to 6.9% for December 2013 – February 2014, 0.3% less than the general forecast. With GBP/JPY still in a large triangle formation and with the range getting smaller each day, a test of the resistance trendline appears to be the most plausible scenario. A bullish break-out above 173 is the second most plausible... (full story)

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