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GBP/JPY - British Pound Yen

GBP/JPY - British Pound Yen

Short term (Intraday)

210,65. GBP JPY is in a consolidation after the last bearish movement. GBP JPY is in a range between 210,40 and 211,90. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 210,00 / 210,50. If the support is broken then the target will be 206,00 (465 pips).
We are waiting for a break of support to take a short position.

Resistances
211,00 - 211,85
Supports
210,40 - 209,45
updated 01 juil 2008 11:38 GMT +02:00

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