Posted by: Babu Suresh | March 23, 2009

Forex-GBPJPY-23-03-09

GBP-JPY H1–H4 ChartsGBPJPY_H1_H4_230309

This is almost the 5th time since 7th of Jan.09 GBP has been unable to firmly break its strongest resistance 141.85. I will still not rule out a possibility that this week if it can hold 138.09 support, chances are high for us to see it breaking 141.85 subject to the outcome of the economic data yet to come.

My probable supports are 138.09, 136.26 and resistances are 141.85

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