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June 24, 2008

GBP/JPY – American Session – 24/06/08

Posted in: Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal

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

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