Posted by: Babu Suresh | March 24, 2009


GBP-JPY M30-H1–ChartsGBPJPY_H1240309

Barely 24 hours ago, I posted in my blog, GBP this week has all the possibilities to break its strongest resistance, 141.85 against Yen, only to find my analysis being proved right within few hours.

I would exercise caution at these levels as I expect good amount of correction to take place, before Japanese inflation data is released on Thursday, the 26th Mar. while Britain’s GDP report to be released on Friday, the 27th Mar.

My probable supports are 141.75, 138.22 and resistances are 151.15 and 154.96

Healthy And Wealthy Trading


Leave a Reply

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

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

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s


%d bloggers like this: