GBPJPY Classic Technical Report 08.31.2012
Prices are consolidating below resistance at a falling trend line set from late March, now at 124.93. A break above that targets 125.29 and the 126.53-127.08 area. Near-term support is at 123.76, with a push beneath that exposing 122.76.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to email@example.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.