GBPJPY - triangle shaped figure

By IBTimes Staff Reporter | December 29 2009 1:16 AM

The pair is developing the triangle that was built on the daily chart. The uptrend is marked since the beginning of November and the downtrend since October's high. Before the end of the year, it will break, leaving a direction for the first days of 2010. Above, it will try to break through 146.64, which will make it climb positions up to 149.57. On the other hand, losing the 145.74 support will lead to a selling with potential for a slide down to 140.22 again. In the way, we highlight 144.91/38, strong supports this month.

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