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18.04.201211:47 Forex Analysis & Reviews: GBP/JPY Elliott Wave Count and Fibonacci Levels for April 18, 2012

Long-term review
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Exchange Rates 18.04.2012 analysis


When the European market opens, some economic news will be released such as German Trade Balance. The US will release the economic data too such as the Labor Market Conditions Index m/m and Sentix Investor Confidence. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1370.
Strong Resistance:1.1363.
Original Resistance: 1.1352.
Inner Sell Area: 1.1341.
Target Inner Area: 1.1314.
Inner Buy Area: 1.1287.
Original Support: 1.1276.
Strong Support: 1.1265.
Breakout SELL Level: 1.1258.

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