Daily Technical Strategist 12/10/10- GBPJPY Holds Above Its Falling Channel With Hesitation.

Daily Technical Strategist(GBPJPY) From FXTechstrategy.com Dear Subscriber, Below is our latest outlook on GBPJPY. Happy Trading **GBPJPY – Holds Above Its Falling Channel With Hesitation. GBPJPY** – Although the cross has returned above its long-term falling channel, price hesitation saw it turning off higher prices to close lower on Thursday at 132.20. Our bias remains higher for the recapture the 134.18 level, its Nov'2010 high and as long as it continues to hold above its LT channel, we see an eventual violation of that level. This will create scope for more strength towards the 137.76 level, its Aug 03'10 high and possibly higher towards its long-term resistance at the 145.94 level, its April 2010 low. On the other hand, if a failure occurs and a return into the channel occurs, the 129.33 level, its Nov 30'2010 low be targeted ahead. A break will set the stage for a further move lower towards the 127.95 level. Below that level will aim at its strong support standing at the 126.92 level, its Oct 25'10 low. click here to view the chart Or VIEW THIS ANALYSIS AS A WEBPAGE FXTechstrategy Launches New Subscription Plans If you like reading our FREE Daily Technical Strategist and would like to be kept up to date technically every day, our FXT(daily) Technical Strategist Plus is available from as low as $30.00/month (includes two FREE bonuses). "I love this service. Its simple, straightforward and to the point. It is a back up to my own daily analysis as I prepare for my trading day" –James T. Kahn, EL Paso, Texas, USA If you have any questions or comments, feel free to contact us. Thanks Mohammed Isah Technical Strategist www.fxtechstrategy.com Author: Think Like a FOREX STRATEGIST m.isah@fxtechstrategy.com You are receiving this email from FXTechstrategy.com because you subscribed to our free Newsletters, Daily Technical Strategist & Weekly Technical Strategist or our paid services. If you would prefer not to receive further e-mails from us on the above newsletters or any of our services in the future, please click here to unsubscribe We do not rent or share your name or email with anybody. Every information given will be used only by FXTechstrategy.com for the purpose of sending you newsletters or providing you information about our services. DISCLAIMER 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. FXTechstrategy.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.   ©2010 FXTechstrategy | MY 23567

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