GBP/JPY - British Pound Yen, European Session - 27/03/08
GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 197,65. If the support is broken then the target will be 194,00.
- Resistances
- 199,60 - 201,00
- Supports
- 197,65 - 195,75
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