01.31.08

GBP/JPY - European Session - 31/01/08

Posted in Currency, Forex, Forex Income, Forex Indicator, Forex News, Forex Signal at 6:54 am by yeop

211,73. GBP/JPY currency pair is in a range between 210,50 and 213,70. GBP/JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Trend Indicator) is in a bearish configuration. The price should find a support above 210,30. If the support is broken then the target will be 206,50 (520 pips).

Resistances 212,00 - 213,70
Supports 210,50 - 209,50

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