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August 11, 2014

GBP/JPY Daily forex post- US session August 11, 2014

Posted by: ffs @ 13:13 GMT Category: Daily Forex,GBP/JPY,Signals

GBP/JPY Technical view

Updated:  August 11, 2014 13:13:48 GMT
SPOT GBP/JPY Previous day OHLC
Open High Low Close Change
171.78 171.90 170.64 171.09 -0.75
Today's Support and Resistance
Resistance
Support
R3 173.00
R2 172.70
R1 171.30
S1 171.00
S2 170.80
S3 169.50

Sterling holding near key trendline resistances at 171.30- 171.50, versus the yen. Close above and the gains should extend to 172.70- 173.00. However, expecting the pair to slip to 170.80- 171.00 in the near term. A close above teh resistances will negate the near term bearish view

Trend direction

  • Short term: Bearish
  • Medium term: Bullish
  • Long term: Bearish

Trading Recommendations

  • Short:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
  • Long:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
Post ID: 9801
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