Great British Pound vs. Japanese Yen (2010-01-27)

By IBTimes Staff Reporter | January 27 2010 6:11 AM

Midday Report

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After touching the pivotal support areas of 143.60, the GBP/JPY pair inclined testing the lower line of Keltner channel from below. Now, coming below 144.55 zones is urgently needed to confirm the bearish effect of the previous formed negative stick sandwich pattern -secondary image-. We keep our overview to the downside as far as 146.20 areas remain intact.

The trading range for today is among key support at 139.25 and key resistance at 148.60.

The general trend is to the downside as far as 167.40 remains intact with target at116.00.

Weekly Report Morning Report

Support145.00144.15143.60142.90142.25Resistance145.50146.20146.80147.30148.00RecommendationOur weekly expectations remain valid

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