GBP/JPY - British Pound Yen, European Session - 27/02/08
212,61. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 214,00. The consolidation should continue. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 212,90 - 213,60
- Supports
- 212,00 - 211,50
Source : GBP JPY
This entry was posted on Wednesday, February 27th, 2008 at 7:19 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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