Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: Hemant on February 23, 2011, 05:22:56 am
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GBP/JPY Daily Outlook
GBP/JPY's consolidations from 135.48 is still in progress and further retreat cannot be ruled out. But still, further rally is expected as long as 132.48 support holds. Current rise is expected to extend to 137.75 resistance first and then 38.2% retracement of 163.05 to 125.48 at 138.83. On the downside,<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/leJyjO16oSQ" height="1" width="1"/>
Source: GBP/JPY Daily Outlook (http://feeds.actionforex.com/~r/ActionInsightallTechnical/~3/leJyjO16oSQ/)