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Tuesday, June 2, 2009

GBPJPY

Keep and eye on the 1H GBPUSD and the 1H USDJPY. If and when they start moving in the same direction, watch the GBPJPY to also move in the same direction for a break of the 156.85 and/or the 157.42. Could be a good indicator for a quick 20-40 pip move, or more. Just watch the PA closely.

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