Great British Pound vs. Japanese Yen (2010-04-29)

By IBTimes Staff Reporter | April 29 2010 7:14 AM

Midday Report

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The pair is moving within the same range with a slight upside action as seen on the provided chart. Thus; we hold onto our morning anticipations for the rest of the day. This scenario is based on the suggested Elliott structure.

The trading range for today is among key support at 139.75 and key resistance at 146.20.

The general trend over short term basis is to the downside, targeting 126.80 as far as areas of 146.20 areas remain intact.

Weekly Report Morning Report

Support142.70141.80141.50141.00140.50Resistance143.60144.10144.80145.50146.20RecommendationOur morning expectations remain valid.

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