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    German Data Leads to Additional Euro Losses

    Fri, 05/25/2012 - 01:20 EDT - FOREXYARD
    • RDF10

    GBP/JPY:

    The daily chart's Slow Stochastic has formed a bearish cross, meaning that this pair could see upward movement in the near future. Additionally, the Relative Strength Index on the same chart has crossed over into oversold territory. Forex traders may want to consider opening long positions ahead of a possible upward breach.

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