GBPJPY-30-05-09

Hello Friends, I am sure this weekend will be special for Pound lovers thanks to my beloved grating agency, S&P

Hello Friends,

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

gbpjpy_m30_2d300509

GBPJPY-30Min. Chart

I am sure this weekend will be special for Pound lovers thanks to my beloved grating agency, S&P for their timely downgrading. Although USD did take more hit than expected, at the end of the day, how good did we do in our trading matters a lot.

My SOLIMO indicates, additional caution is advisable since Pound has been trading without adequate strength along with heavy intraday volatility. In case of a major correction, I will not be surprised to see huge downfall in Pound before any firm upward rally towards 160. I advice my fellow traders to strictly stick with day trading and avoid over night positions.

Suggested articles

World's Biggest Vessel Opens Gates for 2019 Coinsbank Blockchain CruiseGo to article >>

My present supports and resistances – supports 153.25, 152.05, 151.10 & resistances 154.71, 155.65, 156.54

Healthy And Wealthy Trading

Suresh

http://sureba67.wordpress.com

Got a news tip? Let Us Know