| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
Technical analysis for crosses(GBP/JPY)-3/27/2008
The Pound declined yesterday against the Yen as the pair failed to breach the key resistance at 200.95, the pair dropped to reach the support at 198.12 which is also supported by the 50 hours MA at 197.80, the short term technical indicators started showing an upside wave again but the pair remains subject to high short term volatility, yet the pair must breach the 200.95 to confirm an upside reversal, while the 198.12 still offers good demand for the pair.
| |||||
| Support | 198.64 | 198.12 | 197.41 | 196.96 | 196.32 |
| Resistance | 199.28 | 199.83 | 200.37 | 200.95 | 201.59 |
Recommendation | ... | ||||
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