GBP/JPY - British Pound Yen, European Session - 13/08/09

on August 13 2009 2:19 AM

158,76. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 155,95 / 159,50 range.

Resistances
159,45 - 160,15
Supports
157,85 - 155,95

tags: Forex, gbpjpyauthor: Arnaud JeulinMataf.net offers technical analysis, forex news and currency converter.

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