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Technicals

Technical analysis for crosses(GBP/JPY)-5/16/2008

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16 May 2008 @ 03:44 am EST
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(GBP/JPY)

The Pound declined yesterday against the Yen as the pair failed to breach the 205 levels and declined back today to the 203 levels, the pair however managed to rebound to the upside from the good support at 203.29 but if the pair declines below that level it could go back to the 202.74 level, while breaching the 204.40 opens the way up to the 205.50 level. 

 

Support203.32202.74202.32201.83201.33
Resistance203.88204.38204.85205.51206.08

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