Investors' risk appetite was boosted yesterday on the news the Feds will provide more liquidity to the financial system, increasing carry trades as a result which drove the Pound in a bullish wave against the Yen, the short term technical indicators though started showing downside potential in an expected correctional wave, and the point at 205.90 offers strong demand for the pair.
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| Support | 207.13 | 206.42 | 205.90 | 205.34 | 204.67 |
| Resistance | 207.75 | 208.28 | 208.84 | 209.54 | 210.21 |
Recommendation | ... | ||||
Mar 12, 2008
Technical analysis for crosses(GBP/JPY)-3/12/2008
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