Posted by: Babu Suresh | May 5, 2009

Forex-GBPJPY-05-05-09

GBPJPY M30–ChartsGBPJPY_M30-050509

Hello Friends,

Well, while I don’t mind being cautious, I had mentioned in one of my posts, my being over cautious had helped me a lot on several occasions.

Despite my cautioning a correction on 1st of May, I am happy to note Pound is still hovering between 147 and 149 without any firm direction or conviction. It seems to be lacking in strength that it exhibited between 139 and 147.

Although the sentiment is still quite strong, there is also uncertainty looming high over the next move. However, chances are bright to test 150.

GBPJPY H4–ChartsGBPJPY_H4-050509

My present supports and resistances – supports 147.35, 146.25, 145.38 & resistances 149.92, 151.75

For any guidance mail me at tradewithsuresh@gmail.com

Skype: sureba67 & Yahoo: psb67

Healthy And Wealthy Trading

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