| 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)-5/9/2008
The Pound continued to decline against the Yen throughout this morning after dropping yesterday, the pair managed to breach the 38.2% correctional level at 202.68 and now seems to be heading towards the 200.77 support level which represents the 50% correctional level and offers strong support for the pair, while the upside reversal will only be confirmed if the pair breaches the 202.68 once again.
| |||||
| Support | 201.57 | 200.77 | 200.30 | 199.63 | 198.84 |
| Resistance | 202.20 | 202.74 | 203.34 | 204.05 | 204.89 |
Recommendation | ... | ||||
Technical analysis for crosses(GBP/JPY)-5/16/2008 May 16, 2008 3:44AM- Technical analysis for crosses(GBP/JPY)-5/15/2008 May 15, 2008 2:44AM
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