Posted by: Babu Suresh | March 30, 2009

Forex-GBPJPY-30-03-09

GBP-JPY H1–M30–ChartsGBPJPY_H1-M30-300309

Glad to see you all after a peaceful weekend. As usual the correction has been quite pronounced. I will not rule out a minor pullback but would attempt a safe play. Chances are market has already discounted yet another dismal data expected from Japan tomorrow. If not, we can see some strong recovery today only to see the bashing again tomorrow.

Till now, my 3rd support mentioned on 27th March is holding well.

My probable supports are 135.65, 134.80, 131.45 and resistances are 138.74, 139.97, 140.39

Healthy And Wealthy Trading

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