GBP/JPY – American Session – 12/03/08

206,54. GBP/JPY currency pair is in a consolidation after the last bullish movement. GBP/JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Trend Indicator) is in a bearish configuration. The price should find a resistance below 208,00. The trend should reverse. The target is expected at 204,00.

Resistances 208,00 – 208,70
Supports 206,00 – 205,00

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One Response to “GBP/JPY – American Session – 12/03/08”

  1. GBP/JPY - American Session - 12/03/08 Says:

    [...] your electronic online portal wrote an interesting post today onHere’s a quick excerpt 206,54. GBP/JPY currency pair is in a consolidation after the last bullish movement. GBP/JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Trend Indicator) is in a bearish configuration. The price should find a resistance below 208,00. The trend should reverse. The target is expected at 204,00. Resistances 208,00 – 208,70 Supports 206,00 – 205,00 [...]

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