By Mohammed Isah
With GBPJPY selling off and following through lower on the back of its Friday losses, the risk is for it to weaken further towards its key support located at the 126.53 level. Further down, support lies at the 125.45 level followed by the 124.50 level and then the 122.02 level, its Jan 25'2012 high. Its daily RSI is bearish and pointing lower suggesting further declines.
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