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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Wednesday, November 16, 2011

Gbp/Jpy is to retest its recent Low at 117.00 near term ?

Technically, the currency pair Gbp/Jpy is now testing the support at 120.80 ( 38.2% Fibo Retr) inside the Ichimoku Cloud in the Daily Chart.

The next immediate Ichimoku Cloud bottom support located near 120.00, and breaking it may reveal the recent Low near 116.50.


Fundamentally, the all time strengthening of Jpy and the imminent weakness on Gbp near term may speed up the bearish decent rather rapidly.


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2 comments:

  1. uncle gobMarch 6, 2013 at 11:37 PM

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