GBP/JPY - European Session - 21/05/08
203,06. GBP/JPY currency pair is in a range between 202,85 and 204,65. GBP/JPY currency pair moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. If the support is broken then the target will be 201,00. Resistances 203,65 - 204,65 Supports 202,85 - 201,75
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