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Sunday, 16th of Oct, 2011                                      FXTechstrategy Team
                                                                         info@fxtechstrategy.com
               SPECIAL FOCUS
                     GBPJPY
                                           GBPJPY: Follows Through On Rejection
                                           Candle, Scope Seen Towards 123.27 Level.

                                           GBPJPY – With GBPJPY following through higher
                                           and triggering a corrective recovery the past
                                           week, scope for further strength is now seen
                                           towards its nearby resistance at the 123.27 level,
                                           its Aug 10’ 2011 low. This is coming on the back
                                           of its previous week rejection candle formation. A
                                           decisive break and close above the 123.27 level
                                           will extend its corrective recovery possibly
                                           towards the 125.05 level, its Sept 06’2011 high.
                                           Further out, resistance comes in at the 127.31
                                           level, its Aug 22’2011 high. Its weekly RSI is
                                           bullish and pointing higher supporting this view.
                                           Alternatively, the risk to this analysis will be a
                                           return to the 116.78 level where a decisive
                                           violation will call for a run at the 115.00 and
                                           114.00 levels, all representing its psycho levels.
                                           All in all, though the cross continues to maintain
                                           its long term downtrend, it now faces corrective
                                           recovery risk of its recent declines.

                                           To read the full version of this 7 model
                                           currency analysis click here FXT Technical
                                           Strategist Plus

                                                                                               1
    www.FXTechstrategy.com
The Ultimate Technical Research On Forex
This report is prepared solely for information and data purposes. Opinions, estimates and projections
contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to
change without notice. The information and opinions contained herein have been compiled or arrived
at from sources believed to be reliable but no representation or warranty, express or implied, is made
as to their accuracy or completeness and neither the information nor the forecast shall be taken as a
representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not
accept any liability whatsoever for any loss arising from any use of this report or its contents. This
report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies
referred to in this report. Click here for full disclaimer




                                                                                                         2

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Special Focus GBPJPY

  • 1. Sunday, 16th of Oct, 2011 FXTechstrategy Team info@fxtechstrategy.com SPECIAL FOCUS GBPJPY GBPJPY: Follows Through On Rejection Candle, Scope Seen Towards 123.27 Level. GBPJPY – With GBPJPY following through higher and triggering a corrective recovery the past week, scope for further strength is now seen towards its nearby resistance at the 123.27 level, its Aug 10’ 2011 low. This is coming on the back of its previous week rejection candle formation. A decisive break and close above the 123.27 level will extend its corrective recovery possibly towards the 125.05 level, its Sept 06’2011 high. Further out, resistance comes in at the 127.31 level, its Aug 22’2011 high. Its weekly RSI is bullish and pointing higher supporting this view. Alternatively, the risk to this analysis will be a return to the 116.78 level where a decisive violation will call for a run at the 115.00 and 114.00 levels, all representing its psycho levels. All in all, though the cross continues to maintain its long term downtrend, it now faces corrective recovery risk of its recent declines. To read the full version of this 7 model currency analysis click here FXT Technical Strategist Plus 1 www.FXTechstrategy.com The Ultimate Technical Research On Forex
  • 2. This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer 2