Posted by: Babu Suresh | March 22, 2009

Forex-GBPJPY-22-03-09

GBP-JPY Daily-H4 ChartGBPJPY_D_4H_220309s

The pair has been struggling hard between worsening British & Japanese economies and strengthening Yen. Nevertheless, traders as usual have been enjoying its usual wild swings, esp. the day traders.

Coming week has a high potential for additional swings as the whole week is flooded with highly important economic data from both the countries.

My probable supports are 136.02, 134.10, 132.79 and resistances are 139.45 and 141.85

GBP-JPY H1–H4 ChartGBPJPY_H1_H4_220309s

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