fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for GBP/JPY  Thu May 23, 2013 9:40 am | |
|  Technical Analysis for GBP/JPY Our concerns were right, indeed price failed to maintain the bullish wave, moving sharply lower below the 154.70 horizontal support level, confirming a possible medium term top below 156.75. We look for further downside from now on, targeting mainly 150.00 areas. Support: 153.25, 152.70, 152.00, 151.55, 150.70 Resistance: 153.85, 154.75, 155.00, 156.00, 156.75 Recommendation Based on tha analysis above, we prefer to short the pair below 153.50 targeting 150.70. Stop loss above 155.00  | |
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