DAILY GBP/JPY CROSS OUTLOOK - 153.62
29 May 2013 06:03GMT
Althogh stg is expected to ‘gyrate’ inside early established range of 151.84-154.75, y’day’s fall fm 154.63 to 153.30 suggests downside bias remains.
Hold short for 152.95 n exit on decline as 152.70/75 wud hold. Abv 154.20 may risk 154.60/63.
STRATEGY : Short at 153.80
POSITION : Short at 153.80
OBJECTIVE : 152.95
STOP-LOSS : 154.10
RES : 154.03/154.75/155.21
SUP : 153.30/152.33/151.84