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| Global Interest Rates | |||
 Australia |
3% | ||
 Canada |
0.25% | ||
 EMU |
1% | ||
 Japan |
0.1% | ||
 Swiss |
0.25% | ||
 England |
0.5% | ||
 US |
0.25% | ||
Data by fxstreet.com
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Technical Analysis Reports
GBP/JPY - British Pound Yen, European Session - 20/11/08
19 Nov, 2008 @ 10:22 pm ET
142,31. GBP JPY broke 143,75 support. GBP JPY is in an downtrend directed by 4H exponential moving averages. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum.
=> We could take a short position at 142,35. We will put the stop loss above 144,00 (-165 pips). The targets are 140,00 (+235 pips, risk/reward 1:1.4), 138,80 (+355 pips, risk/reward 1:2.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
=> We could take a short position at 142,35. We will put the stop loss above 144,00 (-165 pips). The targets are 140,00 (+235 pips, risk/reward 1:1.4), 138,80 (+355 pips, risk/reward 1:2.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
- Resistances
- 143,90 - 144,80
- Supports
- 141,60 - 140,75
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