GBP/JPY - British Pound Yen, European Session - 03/03/08
204,73. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H,,daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum. The target is expected at 199,00 (570 pips).
- Resistances
- 205,10 - 206,00
- Supports
- 204,00 - 203,00
Source : GBP JPY
This entry was posted on Monday, March 3rd, 2008 at 6:58 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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