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GBP JPY Short Term Forecast is Negative

March 19, 2013 0 Comments

Our analysts have identified an excellent graphical configuration on during the currency pair Pound Yen (GBP / JPY). Traders may try to take short position in the short term.

The chart analysis of data on hourly of currency pair Pound Yen (GBPJPY) identifies a downtrend in the short term.

In trend indicators, the slope of the moving average 100 hours, is now turning down and it is the same for the short moving average. In addition, prices are now moving below all moving averages. Back towards the lower limit of the channel is highly possible.

In view of the key factors graphs we mentioned, our opinion is negative short-term parity Pound Yen

Filed in: British Pound News

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