GBPJPY: the triangle broke-11:50 (CET)

19 November 2009 @ 07:53 am EDT

The pair broke the triangle to the downside, breaking the level we marked yesterday at 148.46. In the last few hours, it seems the price corrected a bit, but with a very downwards sentiment. The next support is at 147.85. If lost, there is a potential for a slide down to 146.38 yens per pound. Above, going up to 148.46 could make the pair seek 149.13.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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