17 Mar 2008

Reported at 0800 SGT

GJ
It fell off the cliff at 200!
The next support is at 196 and of course 200 became the resistance. It may be sometime for UK to recover and it look as if the UK economy breakdown first as compare to the Japanese.

GU
Likewise, on Friday, it failed to hit higher than 2.04. Price fell back to 2.02.

Looking at the 1 hour chart, support is at EMA200 at 2.0172. Further support is at EMA200 from the daily at 1.999.

Resistance is at 2.04.

Should GU managed to rebound off either EMA200, it could break high at 2.04.