GBP/JPY Classical Technical Report 04.30.2012

23:10 |


daily_classical_gbpjpy_body_gbp.png, GBP/JPY Classical Technical Report 04.30
GBP/JPY: The corrective pullback from the March 133.50 highs looks to have finally found solid support in the 127.00 area and from here we look for the formation of a medium-term higher low in favor of the next upside extension, eventually back above 133.50. Ultimately, only a weekly close below 127.00 would negate and give reason for concern.

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