GBP/JPY - American Session - 24/06/08
Short term (Intraday) 212,34. GBP/JPY currency pair moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP/JPY. The price should continue to move in 211,00 / 213,25 range. Resistances 212,40 - 213,20 Supports 211,70 - 211,00
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