Posted by: Babu Suresh | July 8, 2009


Hello Friends,

GBPJPY-080709Although Yen has not made any significant gains against USD, she has made substantial gains against Pound.

I notice my SOLIMO giving all possible indications that the last leg of the fall has been without any credible strength. I would be cautious if I were to be running my short positions on Pound.


Before Pound starts her upward movement, chances look bright for her to test 150.

My Supports: 151.07, 150.25, 148.62; Resistances: 152.85, 153.54



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