- 04/07/2008 - Archive

GBP/JPY - British Pound Yen

GBP/JPY - British Pound Yen

Short term (Intraday)

211,85. GBP JPY is in a range between 210,40 and 212,00. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 211,10. If the support is broken then the target will be 206,00.
We are waiting for a break of support to take a short position.

Resistances
212,00 - 212,70
Supports
211,10 - 210,40
updated 04 juil 2008 06:01 GMT +02:00

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