GBP/JPY - British Pound Yen, American Session - 26/03/08
198,26. GBP JPY broke 199,35 support. GBP JPY is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue on 197,00 support.
- Resistances
- 198,70 - 200,00
- Supports
- 197,65 - 197,00
This entry was posted on Wednesday, March 26th, 2008 at 15:26 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply
Forex News
- Forex - Dollar rallied on Wednesday supported by drop in Oil prices and improved confidence in financial sector
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- Forex - Forex market believe the worst of the problems in the US financial system are not yet over
- Forex - Dollar ended last week higher after smaller-than-expected loss from Citigroup
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- Forex - Oil prices plunge $5. Financial market turmoil has weighed on Dollar.
- Fxcm Adds High-interest-rate Currency Pairs