GBP/JPY: comment.
2010-03-10 06:37 |
GBP/JPY: comment.
The opening price of GBP/JPY was 134.89. Then the pait reached an intraday high at the level of 135.22. Never the less, it didn’t manage to stay above 135.00. Pound was down versus yen trading at 134.67.
On the downside, support level is at 133.89. On the upside, resistance lies at 135.09. The trend is thought to be slightly bullish.
Sterling declines after the Britain’s release of negative data. In January exports contracted by 4 billion to £19.5 billion. The trade deficit reached the largest level since 2008, so exports will not be able to help the weakened economy.
Chart. H1 GBP/JPY
Market news and analytics — FBS
www.fbs.comLast News
2010-09-10 09:41 - UBS: USD/CHF may reverse upwards
2010-09-10 09:02 - Citigroup: China reached the limit of reserves diversification
2010-09-10 08:12 - Commerzbank: EUR/USD will decline to 1.2588
2010-09-10 07:45 - Mizuho: euro will decline versus yen
2010-09-10 06:39 - Westpac: dollar will strengthen versus yen
2010-09-10 05:23 - Ueda Harlow: euro may fall below 100 yen
2010-09-10 09:02 - Citigroup: China reached the limit of reserves diversification
2010-09-10 08:12 - Commerzbank: EUR/USD will decline to 1.2588
2010-09-10 07:45 - Mizuho: euro will decline versus yen
2010-09-10 06:39 - Westpac: dollar will strengthen versus yen
2010-09-10 05:23 - Ueda Harlow: euro may fall below 100 yen
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