Robert
05-16-2012, 08:29 PM
Welcome to your favorite News Channel. This is just in:
The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support. Indicators are mitigated. We continue to advise short positions as far as 128.86 is resistance. The breakout of 127.70 will give a new sell signal and open the way towards 126.70. In case of return above 128.86, we will be neutral between this level and 129.50.
Click here to Read More... (http://www.ibtimes.com/articles/341599/20120516/forex-gbp-jpy-technical-analysis-british-pound.htm)
The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support. Indicators are mitigated. We continue to advise short positions as far as 128.86 is resistance. The breakout of 127.70 will give a new sell signal and open the way towards 126.70. In case of return above 128.86, we will be neutral between this level and 129.50.
Click here to Read More... (http://www.ibtimes.com/articles/341599/20120516/forex-gbp-jpy-technical-analysis-british-pound.htm)