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    USD May Turn Bullish Today

    Thu, 02/10/2011 - 01:52 EDT - FOREXYARD
    • RDF10

    GBP/JPY:

    The Relative Strength Index on the daily chart is approaching overbought territory in a clear sign that downward pressure exists for this pair. Furthermore, the both the MACD and Williams Percent Range on the 8-hour chart indicate that bearish movement is likely to occur today. Now may be a great time for forex traders to open up sell position for this pair before the downward breach occurs.

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