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GBP/JPY: Coiling for breakout?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Understandably, it has been a very slow day in FX markets due to the Thanksgiving holiday in the US and the lack of any major economic data elsewhere. That being said, there have been sharp moves in some selected markets such as the Turkish Lira, which extended its decline for the fourth consecutive day after Russia imposed restrictions on food imports from Turkey in retaliation over downing of its fighter jet. Elsewhere, commodities have had a mixed day while the stock markets have had a

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