GBP/JPY Not Far Off Low

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By Greg Michalowski on October 6, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

Gbp/Jpy is not far off session low of 141.90. Fibo retracement lies at 141.88, which has been a good level of support lately. On October 2nd the pair did break below and trade down to 140.75, but by end of that session returned above. If pair can hold it may push 143.00. A more likely scenario sees a break below and possible run down, maybe even below 141.00.

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