GBP/JPY - British Pound Yen, American Session - 26/05/09

By IBTimes Staff Reporter | May 26 2009 5:39 AM

150,34. GBP JPY is in a range between 149,60 and 151,50. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

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Resistances: 150,75 - 151,50
Supports: 149,60 - 149,00

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