Short term (Intraday)

212,34. GBP/JPY currency pair moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP/JPY. The price should continue to move in 211,00 / 213,25 range.

Resistances 212,40 – 213,20
Supports 211,70 – 211,00

This entry was posted on Tuesday, June 24th, 2008 at 7:08 am and is filed under Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.