GBP/JPY: the market is finally in the process of correction after the last wave of maximum charge of 2012 by 133.50. From there, we see the weakness of the further risk to 125.00, but ultimately any setback additional area must be well supported for the resumption of the newly formed upward trend. We support the cross carved a significant cyclic background and long-term here are force. Only back under 122.00 would delay outlook and give reason to worry.
-Written by Joel Kruger, technical currency strategist To contact Joel Kruger, E-mail jskruger@dailyfx.com. Follow me on Twitter @ JoelKruger
To be added to the list of distribution of Joel Kruger, send an email with the subject "Distribution list" line to jskruger@dailyfx.com
DailyFX provides news forex and technical analysis on trends affecting the global currency.
Learn forex trading with a free practice account and FXCM maps.
April 6, 2012 05: 45 GM
No comments:
Post a Comment