Tuesday, June 2, 2009
RE: GBPJPY
GBPJPY broke above 157.42, for a 165 pip move, as the USDJPY and GBPUSD started to cooperate with each other and started to move in the same direction. The red arrows indicate the synchronization of the move. During the NY session, the GBPUSD tends to move ahead of the GBPJPY, and can be a good indicator on the timing of a move.
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