GBP/JPY establishing fresh intraday lows. The GBP/JPY technical cross has waned during US trading, plunging to session lows Friday and establishing fresh weakness in these moments. GBP/USD tumbles below 50-day SMA “The GBP/JPY failed to maintain the bullish rally, remaining below the 152.00 horizontal resistance, in addition to the 50-day SMA and the descending resistance for the latest bearish wave. Accordingly, we prefer to remain on the sidelines, awaiting a confirmation of a downside reversal, or a break above the aforementioned resistance levels.” recommends the Technical Analyst Team at ICN. Presently, the GBP/JPY foreign exchange rate is operating at 149.76, or a staunch -0.69% off its opening. The pair still remains situated above support at 148.95, which will open the way lower to 147.38 and 145.90. On the ascension, a movement to the upside and a paring of losses will usher in resistances at 152.20, then 153.48, and eventually 155.05, calculates the Mataf.net analyst team. Silahkan daftar akun baru: ironfxsolidtradingindonesia.blogspot/
Posted on: Fri, 21 Jun 2013 16:10:46 +0000
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