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GBPJPY Bounce Might Fail To Surpass 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Dec 2, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Irrespective of the GBPJPY's bounce from 184.30-25 support-zone, following two months old ascending trend-channel break, the 200-day SMA, presently around 186.25-30, can limit the pair's quick up-move and trigger fresh downside towards 184.30-25 immediate support. Should it extend the decline below 184.25, 61.8% Fibonacci Retracement of its April – June[​IMG]

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