Posted by: Babu Suresh | March 11, 2009

Forex-GBPJPY-11-03-09

GBP-JPY 15M-30M ChartGBP-JPY-15M-30M-11-03-09

After decisively shunning the worst Trade Balance Data released earlier today, pound put up a brave face until it broke its support at 135.24, that pushed it down quite close to my yesterday’s 2nd support 132.97, exactly 133.89. However, it managed to bounce back with my 1st support, 134.10.

Although the fall was with less strength, I would still maintain my yesterday’s supports since it is unable to surpass its nearest resistance 135.52

In the event, if any further clarifications required, I can be reached at tradewithsuresh@gmail.com

Healthy And Wealthy Trading

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: