Special Focus GBPJPY 02 18 12

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GBPJPY – The cross ended the week strongly higher the past week following through on its recovery started from the 117.26 level.

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1 Saturday, 18th of Feb, 2012 SPECIAL FOCUS GBPJPY GBPJPY: Rallies Strongly, Sets The Tone For Further Strength GBPJPY – The cross ended the week strongly higher the past week following through on its recovery started from the 117.26 level. This development now leaves GBPJPY targeting further strength towards the 127.30 level, its Oct 2011 high where a break will extend additional strength towards the 130.78 level, its July 2011 high. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, on any pullbacks, the 122.75 level, its Dec 22’2011 high will come in as the first support where a reversal of roles as support is expected to occur and possibly turn it higher. However, if that snaps, the cross will face further downside pressure towards the 122.02 level, its Jan 25’2012 high. Further down, its Jan 30’2012 low at 119.57 will come in as the next support and subsequently the 117.26 level, its Jan 13’2012 low. All in all, the cross remains biased to the upside on further upside offensive. To read the full version of this 7 model currency analysis check out FXT Technical Strategist Plus Package FXTechstrategy Team info@fxtechstrategy.com www.FXTechstrategy.com The Ultimate Technical Research On Forex

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2 This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer

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