GBP/JPY - British Pound Yen, Asian Session - 26/02/08
213,16. GBP JPY is in an uptrend supported by 1H exponential moving averages. The volatility rises. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a resistance below 213,50 / 214,00. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 213,20 - 213,50
- Supports
- 212,00 - 211,00
Source : GBP JPY
This entry was posted on Tuesday, February 26th, 2008 at 23:17 and is filed under GBP JPY. 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.
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