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GBP/JPY - British Pound Yen, European Session - 19/11/08

19 Nov, 2008 @ 12:16 am ET | written by Mataf


144,97. There is an horizontal range between 143,45 and 146,00. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
145,50 - 146,40
Supports
143,45 - 140,30

For more forex information, go to www.mataf.net

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