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25.06.201216:38 Forex Analysis & Reviews: GBP/USD Intraday Technical Analysis and Linear Regression Channels for June 25, 2012

Long-term review

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Technical outlook and chart setups:

The EUR/JPY pair is trading around 136.50/60 at the moment looking for an opportunity to continue moving higher towards at least 140.00. Earlier, the pair had dropped sharply into the territori around 134.00 on the back drp of the Greek crisis, but managed to recover hitting a high of 138.00 the same day. It is recommended to remain long for now with risk at 133.00. Immediate support is seen at 134.00 (interim) followed by 133.00 and lower, while resistance is seen at 140.00 followed by 141.00 and higher respectively.

Trading recommendations:

Remain long for now, stop is at 133.00, a target is open.

Good luck!

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