G/U 4 hours chart showed alo the heavy resistance that GBP met at the 50 EMA.
Wednesday, September 19, 2007
GBP/JPY Daily Analysis 19 September 2007
G/J had been moving sideways on the daily chart. It had been in the range between 234.50 and 228.50. Breakout above or below these levels will confirm a a short term trend, but for nowI think it is better to stay neutral.
Daily GBP/USD analysis 19 september 2007
Daily G/$ chart showed the G/$ strongly rejected the 50 MA, and moved all the way to break the 2.0000 figure again today. For now I think if it broke the 50 MA and closed above it then may be we will see a new bull short term trend until 2.0250 may be.
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