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26.06.201216:49 Forex Analysis & Reviews: GBP/JPY Technical Levels and Trading Recommendations for June 26, 2012

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 26.06.2012 analysis

Technical outlook and chart setups:

Silver is trading around $15.60 at the moment, looking for an opportunity to move above $15.80. Please note that the metal has been drifting in a tight trading range between $15.00 and $15.80 during last few sessions. A push below the level of $15.30 could prove to be bearish and open doors towards for testing $15.30 and $14.00 respectively. On the other hand, a push above $15.80 would test the level of $16.10. It is recommended to remain long now with risk at $15.30. Immediate support is found at $15.30 while resistance is seen at $15.80 respectively.

Trading recommendations:

Remain long for now, stop is at $15.30, a target is open.

Good luck!

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