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Alert - 17:40 (CET) - GbpJpy
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The GbpJpy is trading at 141.84, ranging from 141.16 to 143.93, over yesterday's close at 141.18. In the hourly graphics, we see that the 20- and 50-day Exponential Mobile Averages (EMA) are umder the 200-day EMA.
The supports are being watched at 139.03 (2008 low), 135.00 and 133.80 (May 2nd, 2005 low). The resistances at 151.09 (October 24th high), 160.68 (October 23rd high) and 166.64 (October 22nd high) are being watched.
Given the continuous vulnerability of the stocks, the GbpJpy market is watching very closely the annual low from the end of October at 139.03. For now, the equity markets have no clear path, as the bad figures from the US employment are generating an indecision about the future of the economy, reducing the appetite for high yielders.
Checking the daily graphics, the current price is under the 23.60% (233.01) and over the 0.00% (128.44) Fibonacci Retracement lines. The Bands of Bollinger show a volatility of 250 pips and the 60-minute Relative Strenght Index (RSI) ist at 37 points, rebounding from the oversold area.
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