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GBP/JPY Plummets Back Down To Retest Multi-Year Lows

Discussion in 'Technical Analysis' started by Kaitlin, Feb 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Late January saw a substantial rally for GBP/JPY that lifted off from nearly a two-year, hammer candle low around the 164.00 support target. This rally was extended at the end of January by the Bank of Japan’s interest rate cut into negative territory, which prompted the Japanese yen to depreciate[​IMG]

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