GBP / JPY Sterling Japanese Yen during the trading day: under pressure forex

forex Recommendation of the GBP / JPY, December 15, 2011 (at 13:42 GMT)

Pivot point trading: 121.25

Recommendation: to engage in the sale under 121.25 with targetlevels of 120.4 & 120.2 in the case of downward movement along the
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Alternative scenario: If you rise above 121.25, it is expected to continue its upward trend over the price with targeted levels of121.75 & 122.2

Comment: The pair recorded a bullish rebound, but it is locatedbelow the level of resistance

Levels of resistance
122.2
121.75
121.25

Recent price: 120.759

Levels of support
120.4
120.2
120

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