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GBP/JPY - British Pound Yen

GBP/JPY - British Pound Yen

Short term (Intraday)

202,28. GBP JPY is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 201,80. If the support is broken then the target will be 197,50 (450 pips).
We are waiting for a break of support to take a short position.

Resistances
202,70 - 203,50
Supports
201,80 - 201,30
updated 26 août 2008 06:11 GMT +02:00

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