Saturday, April 27, 2013

GBPJPY Price Action: Closing Price Reversal Price Action Setup, 27/04/2013

In my last post on the Geppy, I mentioned that price had hit resistance following the previous Inside Pin Price Action Setup. Friday's Trading saw a significant sell-off on the pair and a subsequent Price Action setup: The Closing Price Reversal Setup. Expectations are for further bears in the coming days with supports at 149.90 - 147.60 zone.

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