Hong Kong Qindex 09:40 GMT January 9, 2011
GBP/JPY : Critical Point 128.27 : Reply
GBPJPY
Entry: Target: Stop:
GBP/JPY : Critical Point 128.27
As shown in the monthly cycle charts a critical point is positioning at 128.27. The market is positive when it is able to trade above the monthly cycle pivot center at 132.12. Last week the market hit the low and high at 125.79 and 129.43 and it closed at 129.12.
GBP/JPY : Monthly Cycle charts
http://www.qindex.com/gbp-yen.html