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Author Topic: GBP/JPY Daily Outlook  (Read 4082 times)
Hemant
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« on: February 25, 2011, 05:23:55 am »
GBP/JPY Daily Outlook

Intraday bias in GBP/JPY remains on the downside with 133.23 minor resistance intact. As noted before, a short term top is at least formed at 135.48. Deeper decline could now be seen towards 129.29 support. Though, we'd expect strong support from 61.8% retracement of 125.48 to 135.48 at 129.30 to<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/fjYqcehGtnk" height="1" width="1"/>

Source: GBP/JPY Daily Outlook
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