GBP/JPY pair today Nov 20-2007

Daily Pivots today:
S3 - 224.99
S3 - 219.78
S2 - 222.16
S1 - 223.58
Pivot - 225.96
R1 - 227.37
R2 - 229.75
R3 - 231.17
In the morning the pair has advanced from Pivot point to Resistance 1 level and as I write this post the currency is re-testing R1. I’ve entered there for a short term ride.
Let’s look at the bigger […]