fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for GBP/JPY  Wed Mar 20, 2013 9:17 am | |
| Technical Analysis for GBP/JPY The GBPJPY pair is consolidating at the 50-days SMA, just above the ascending trend line shown on image, while RSI turns slightly negative. We prefer to be neutral this morning, and monitor price action around this support area, as a decisive break below 123.00 could signal further downside attempts. Support: 123.00, 142.35, 142.00, 141.40, 141.00 Resistance: 144.00, 144.50, 145.10, 145.85, 146.55 Recommendation Based on the charts and explanations above, we prefer to be neutral.  | |
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