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Forex technical analysis: GBPJPY consolidates at highs

Discussion in 'Technical Analysis' started by ForexLive, Jul 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Runs up toward 200 hour MA before Carney testimony tomorrow/BOE later this week. The GBPJPY - like some of the JPY pairs - are enjoying trend like buying today. Technically, the pair made a break above the 100 hour MA (at 130.90 currently) and moves toward the 200 hour MA at 133.852. The high today has extended to 133.70. It currently trades at 133.63 - right near that level.

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