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Wednesday, October 21, 2009

EUR/USD 1.2087 Long, Target 1.2205, Stop 1.1970, 1.2095 61.8% Fibo retracement violated, if cannot make consolidate, will go to 38.2% retracement at 1.2027.

GBP is strong across the board, GBP/USD target 1.7805, EUR/GBP target 0.6770, if EUR/JPY target to 1.3885, that translates to GBP/JPY at around 205, a upside of 400 pips.

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