Daily Technical Stategist GBPJPY by fxtechstrategyteam


More Info
									 Friday, 25th of Nov, 2011                                FXTechstrategy Team
                            GBPJPY: Breaks The 119.94 level, Set
                            To Weaken Further .

                            GBPJPY – With the 119.94 level, its Oct
                            18’2011 taken out following its early
                            morning trading today, further declines is
                            likely in the days ahead. A hold below the
                            119.94 level will set the stage for further
                            weakness towards the 116.78 level and
                            possibly lower towards the 115.00 level, its
                            psycho level. Its daily and weekly RSI are
                            bearish and pointing lower supporting this
                            view. Alternatively, the pair will have to
                            break and hold above the 127.30/21 levels
                            to halts its bear threats and bring further
                            strength towards the 128.85 level, its Aug
                            08’2011 high and subsequently, the 130.78
                            level, its Aug 04’2011 high. All in all, the
                            cross faces further bear threats as it
                            continues to weaken.

                            To read the full version of this 7 model
                            currency analysis click here FXT Technical
                            Strategist Plus
    Providing Balanced Independent Research
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


To top