GBP/JPY - British Pound Yen
Short term (Intraday)
211,89. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The consolidation should continue. The price should continue to move in 210,60 / 212,10 range. We won't take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 212,10 - 212,50
- Supports
- 212,50 - 210,60
updated 06 août 2008 05:51 GMT +02:00
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