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August 12, 2014

GBP/JPY Daily forex post August 12, 2014

Posted by: ffs @ 03:05 GMT Category: Daily Forex,GBP/JPY,Signals

GBP/JPY Technical view

Updated:  August 12, 2014 3:05:31 GMT
SPOT GBP/JPY Previous day OHLC
Open High Low Close Change
171.23 171.61 171.16 171.50 0.41
Today's Support and Resistance
Resistance
Support
R3 173.50
R2 172.00
R1 171.80
S1 171.30
S2 171.00
S3 169.70

Sterling settled with gains versus the yen, holding above key supports at 171.00 yen. If the pair manages to end the day's session above 171.30, we could see a near term rally to 173.00- 173.50. However, a close below the supports and the declines should extend to the May lows of 169.50- 169.70

Trend direction

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

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: 9813
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