fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for GBP/JPY  Wed Mar 27, 2013 8:34 am | |
| Technical Analysis for GBP/JPY After being rejected from 145.80 key resistance, the GBPJPY pair retested 142.00 pivotal support level, before rebounding yesterday. The pair is currently trading above the 50-days SMA, holding below the average and breaking 142.00-level is required to confirm further downside. This, for now, as the price is trading near the middle of this range among 145.80-142.00 we prefer to move to the sidelines, awaiting further clarity. Support: 143.50, 142.70, 142.00, 141.50, 141.00 Resistance: 144.35, 144.75, 145.25, 145.85, 146.55 Recommendation Based on the charts and explanations above, we prefer to be neutral  | |
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