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Technical Analysis Reports

Forex Center > News > Technical Analysis Reports

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

19 Nov, 2008 @ 12:16 am ET

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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