Posted by: Babu Suresh | April 24, 2009

Forex-GBPJPY-24-04-09

GBPJPY M30–ChartsGBPJPY_M30-240409

I expect the weakness to persist for sometime since Pound is unable to accept both UK & Japanese are doing anything at all to improve their respective economies despite some areas are beginning to show minor improvements. Still a long way to go.

Nevertheless, the day traders should be continuing to enjoy this lovely pair along with USDCHF without worrying anything about any economies.

My probable supports 140.41, 138.13 & resistances 143.12, 144.43

GBPJPY H1–ChartsGBPJPY_H1-240409

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