02.29.08

GBP/JPY - European Session - 29/02/08

Posted in Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal at 6:57 am by yeop

208,27. GBP/JPY currency pair is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP/JPY. The downtrend should continue on 207,00 (130 pips) support.

Resistances 209,45 - 210,60
Supports 208,00 - 207,00

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