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Technicals

Technical analysis for crosses(GBP/JPY)-12/4/2007

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04 December 2007 @ 12:00 am EST
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(GBP/JPY)

The Pound inclined yesterday against the Yen to reach the first target at 227.90, yet could not hold above it and declined back, now the first target is still the same then the 229.20s level, as the pair's general trend remains well to the upside but it needs some momentum, the point at 226.96 seems to offer good demand for the pair. 

 

Support

227.52

226.86

226.36

225.97

225.59

Resistance

228.07

228.29

228.60

228.96

229.29

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