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GBP/JPY Classical Technical Report 06.28

GBP/JPY Classical Technical Report 06.28

2012-06-28 05:51:00
Joel Kruger, Technical Strategist
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daily_classical_gbpjpy_body_gbp.png, GBP/JPY Classical Technical Report 06.28

GBP/JPY: Our core constructive outlook remains well intact as the market continues to show evidence of the formation of a longer-term meaningful base. The most recent break back above 124.00 confirms a fresh higher low by 121.90 and now opens fresh upside over the coming sessions towards 128.00 further up. Ultimately, only back under 121.90 would negate.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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