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GBPJPY Update

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    I wrote yesterday that I like GBP against JPY for a short term long trade from current levels. The GBPJPY pair has broken above two trend lines and is currently trading near a pivotal support and outside the lower Bollinger Bands. Stochastics is oversold while the last 4h candle is currently a narrow range candle that indicates a turnaround in this pair. My target for a quick intraday trade is at 185.45. Today the pair has been making higher lows after an initial drive lower. These lows

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