Melbourne Qindex 08:09 GMT May 26, 2013 - My Profile
GBP/JPY : Critical Point 151.436 : Reply
GBPJPY
Entry: Target: Stop:
GBP/JPY : Critical Point 151.436
The market tackled the last weekly cycle normal lower limits at 151.692 - 152.744 - 153.851. It hit the high and the low at 156.55 and 151.797 respectively and it closed at 152.904. Speculative selling pressure will increase when GBP/JPY is below 150.038 and the downside targeting point is the current weekly cycle normal lower limit at 148.637.
GBP/JPY : Monthly Cycle Charts
http://www.qindex.com/gbp-yen.html