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Alert - 15:45 (CET) - GbpJpy
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The GbpJpy is trading at 136.14, ranging from 134.95 to 137.80, over yesterday's close at 135.57. In the hourly graphics, we see that the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
The supports are set at 136.08 (former 2008 low), 133.00 and 130.00 (key). The resistances at 140.00 (key), 147.12 (December 1st high) and 154.28 (November 11th high).
The stocks now are in positivel terrain, as the investors are enthusiastic about Obama rising the stimulus plans' funds. This way, the Sterling has already advanced 0.44% against the Yen.
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 110 pips and the 60-minute Relative Strenght Index (RSI) is at 47 points, after being oversold.
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