Forex7 Posted December 17, 2012 Report Posted December 17, 2012 At today’s trading (17/12, 08.44 GMT) the Pound sterling falls against Japanese Yen. The GBP/JPY opened at 136.06 in early trading (00:00 GMT), and plunged -26 pips or about -0.19 % at 135.8. The unfavorable expectation against Pound sterling is seems to be rising , before Office for National Statistics reports a latest data of the change in the price of goods and services purchased by consumers, in November. The CPI y/y might decrease to 2.6% from previous period of 2.7%. Vibiz Consulting Analyst said The Pound also experiencing a technical pressure, as the currency pair was opened gap-up,breaking through overbought level. Normal range of Pound sterling is estimated to have the support level at 134.80 and resistance level at 136.86. Technical readings still not shows a probability a high magnitude of bearish movement, and might lead a movement within a limited range of trading. The Yen might receive a pressure to weaken after Shinzo Abe’s Liberal Democratic Party won Japanese elections yesterday, giving him a mandate to act on pledges of expanded monetary stimulus.
stuart_2009 Posted December 18, 2012 Report Posted December 18, 2012 hi all im new to this site and just want to introduce my self
Guest FloridaTrader Posted February 6, 2013 Report Posted February 6, 2013 hi all im new to this site and just want to introduce my self Stuart, no need to flood the forum in every thread...once is enough
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