Posted by: Babu Suresh | March 25, 2009

Forex-GBPJPY-25-03-09

GBP-JPY H1–H4–ChartsGBPJPY_H4-H1-250309

In continuation to my yesterday’s, i.e. 24th Mar. analysis, Pound is on profit booking mode. As I had cautioned earlier, good correction is underway. This correction is not surprising since it has been rising without much strength. Besides, tomorrow and the day after, there are some important economic data expected from UK.

My first support, 141.75 has been firmly broken and now I will be well prepared for 136.94.

My probable supports are 139.58, 136.94 and resistances are 141.75 and 143.51

Healthy And Wealthy Trading

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