Posted by: Babu Suresh | April 8, 2009

Forex-GBPJPY-08-04-09

GBPJPY H4–H1–ChartsGBPJPY_H4-H1-080409

Hi Friends, glad to see you all.

On 5thmidnight when I was going thru’ the charts, I felt chances were very high for Pound to break 149.61 to take it above 152 to trap everyone there, before start hammering. Therefore, I had to in a hurry add my remarks, which I don’t generally do.

As expected, good profit booking is underway, which I anticipate to last till Thursday before BOE’s statement is released on Interest rate.

My probable Supports: 145.20, 144.51, 142.43; Resistances: 149.14, 150.72

GBPJPY M30–H1 ChartsGBPJPY_M30-H1-080409

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