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Forex » Forex Dice Major Currency Pairs » GBP/JPY » Forex Daily Report
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Old 03-05-2008, 04:42 PM
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Join Date: Feb 2008
Posts: 121
Lightbulb Forex Daily Report

Found good support just below the 156 level as JPY was sold off on the late bounce in the stocks yesterday. Can also see that this bounce almost coincided with the trend line support from 23th of Jan low (slight overshoot). This trend line is coming in at 156.40 this morning. Next support level is now 155.53 followed by 154.04 (key support). Have falling resistance coming in at 160.95 today and key resistance remains 161.60.
Support: 156.46 (rising support), 155.53, 154.04, 153.75 (long term rising trend line)
Resistance: 160.82 (falling res), 161.60 (minor res), 162.17 (key res)
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