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

  on

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, gbpjpy
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.

Join the Discussion