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Author Topic: GBP/JPY Mid-Day Outlook  (Read 2019 times)
Hemant
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« on: February 15, 2011, 05:07:59 pm »
GBP/JPY Mid-Day Outlook

GBP/JPY jumps to as high as 135.34 so far today. The strong break of 134.19 cluster resistance (23.6% retracement of 163.05 to 125.48 at 134.34) confirms that whole medium term fall from 163.05 has completed. Intraday bias remains on the upside and further rise should be seen towards 137.75 resistance<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/D7F4qBjucfA" height="1" width="1"/>

Source: GBP/JPY Mid-Day Outlook
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