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Technicals

Technical analysis for crosses(GBP/JPY)-5/14/2008

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14 May 2008 @ 03:14 am EST
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(GBP/JPY)

The Pound rose back against the Yen after breaching the 38.2% correctional level at 202.76 which provided the pair with huge upside momentum that took it back to retest the 204.29 resistance level, should the pair successfully breach this resistance it could continue up to the 205.57 level, while failing to breach it could take the pair down to the level at 203.33 which offers good demand for the pair. 

 

Support203.73203.33202.76202.19201.62
Resistance204.29204.87205.57206.13206.76

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