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Forex technical analysis: GBPJPY trading in its own range

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

  1. ForexLive

    ForexLive Forum Member

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    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.

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