GBP/JPY - Technical Forecast - UPDATE - 12th July 2010 - 11.30hrs GMT

7/12/2010

GBP/JPY - Technical Forecast - UPDATE - 12th July 2010 - 11.30hrs GMT


The left chart of 60min is the same I presented on July 7th noticing the formation of "double
bottom" which as known produces an upward rebound. Indeed, the parity rebounded upto
the Fib level 0,125 before returning down. In case the parity remains above 132,677Yen we
should expect a further increase.
The right chart of 180min, includes the MOB levels for wider evolution.

GBP/JPY - Technical Forecast - UPDATE - 7th July 2010 - 11.30hrs GMT

This is how the pair looks at this moment. The right chart includes the forecast in case the "double
bottom" formation breaks down. First target, Fib 1,618.

GBP/JPY - Technical Forecast - 60min Chart - 5th July 2010 - 12.30hrs GMT

FORECAST : 28/6/10 15.00hrs GMT          UPDATE: 5/7/10 12.30hrs GMT

The forecast of 135,02 was reached since our last posting on June 28th. In continuation the parity
corrected until the level of 131,24Yen, recoverd upto the 133,71 (0,382 level of retr. Fib scale) and
rebounded on the respective 0,618 Fib level. At this moment is standing at 132.60-132,70.
Please observe the two trend lines (red and blue) which may be the limits to guide the evolution of
this parity.

FORECAST : 28/6/10 15.00hrs GMT         UPDATE CHART: 28/6/10 15.00hrs GMT

GBP/JPY - Technical Forecast - 60min Chart - 28th June 2010 - 15.00hrs GMT

In continuation of our previous posting regarding the GBP/USD pair, we also post a chart of 60min
of the GBP/JPY pair. The price of this pair respected the support and resistance levels as forecasted since the 23rd of June. New Forecast: upward move, next target 135,0265

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