GBP/JPY - British Pound Yen, European Session - 26/02/08
212,15. GBP JPY broke 212,00 resistance. GBP JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 213,00. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 212,75 - 213,40
- Supports
- 212,00 - 211,00
Source : GBP JPY
This entry was posted on Tuesday, February 26th, 2008 at 7:46 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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