GBP/JPY - British Pound Yen, European Session - 23/09/09

By IBTimes Staff Reporter | September 23 2009 2:19 AM

148,78. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 149,00 (22 pips). The downtrend should continue to gather momentum.

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Resistances: 149,00 - 149,60
Supports: 148,30 - 147,60

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

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