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Forex technical analysis: GBPJPY test MA target

Discussion in 'Technical Analysis' started by ForexLive, Aug 30, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    200 bar MA on the 4-hour chart is at 134.845 The GBPJPY is also making new highs for the trading day. The pair is just getting above the 38.2% of the move down from the July high (not even the Brexit high). That level comes in at 134.47 (support/risk now). From the high for the year, the GBPJPY is down 23%.

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