Forex technical analysis: GBPJPY trading in its own range

Discussion in 'Technical Analysis' started by ForexLive, Sep 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Traders leaning against the 38.2% retracement The GBPJPY is trading its own trading range. On the downside, the from last week held near the 38.2% retracement at the 135.09 level (the low went to 135.00). Today as stocks continued lower into the NY opening, the price once again tested that 38.2% level and once again buyers leaned (the lows came in at 135.09 and 135.067 respectively). Risk could be defined and limited.

    Read full forex technical analysis here

Share This Page

free forex signals