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Monday, 16 July 2012

2012.07.16 07:09:52 GBP/JPY intraday: intraday support around 123.

GBP/JPY intraday: intraday support around 123.

Update on supports and resistances.
Pivot: 123

Our preference: Long positions above 123 with targets @ 123.5 & 123.7
in extension.

Alternative scenario: Below 123 look for further downside with 122.55
& 122.1 as targets.

Comment: the RSI is around its neutrality area at 50%

Key levels
124
123.7
123.5
123.12 last
123
122.55
122.1
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