Signal for 17/07/2009 for: GBP/JPY

Recap of Wednesday and Thursday:

This pair gave some great profits on Wednesday as well as Thursday with a potential of 125 pips profit on the upside. All the levels were met and price did reverse around the 155.00 level to heed down.

Today's Signals:

Our levels of concern for today 17.07.09 are as follows.

R3-157.1573
R2-156.090
R1-155.142
Pivot Point– 154.075
S1-153.127
S2-152.0607
S3-151.1123

Possible Scenarios:

No trade signals today on this pair. We had a great week so I deem right to protect profit and not over trade especially when market has had such a big up move for the week.

Happy Trading

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