Posted by: Babu Suresh | March 9, 2009

Forex-GBP-JPY-09-03-09

GBP-JPY-1H-ChartsGBP-JPY-1H-09-03-09

Pound’s unsuccessful attempts to break its nearest resistance 139.81, during Asian session, broke firmly my yesterday’s support 137.50, touching a low of 135.9. At the time of posting this analysis, it has been trading at 136.51, with a hope of holding its nearest support 135.52.

I expect a relief rally up to 138.24, the 200 ema, in anticipation of better data to be seen tomorrow.

GBP-JPY-30M-ChartsGBP-JPY-30M-09-03-09 GBP-JPY-15M-ChartsGBP-JPY-15M-09-03-09

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