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GBP/JPY This Week

  • Thursday, 22 April 2010 21:36
  • Last Updated Sunday, 05 September 2010 07:04
  • Written by Desmond Wira

GBP/JPY right now is in sideways price channel. How is GBP/JPY movement this week? Read this article to find out more

By the time I write this article, Monday 6th September 2010, GBP/JPY is in sideways price channel

GBP/JPY Technical Analysis This Week

 

GBP JPY right now is in sideways price channel. If we look at MACD, MACD line is below the signal line, but it seems going up. RSI shows it broke out the trend line. Price also broke out the trend line. This indicates GBP/JPY will tends to go SIDEWAYS or UP this week. Support 130.80, Resistance 137.66

Support = 128.86

Resistance = 137.66

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