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Trend-line Support Restricted GBPJPY's Further Downside

Discussion in 'Technical Analysis' started by Kaitlin, Dec 11, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Even as the reversal from 190.00 mark dragged the GBPJPY down towards testing nearly two months' low, an ascending trend-line, stretched from April, around 183.50 presently, limited the pair's further downside, favoring a pullback to 185.30-35 immediate resistance, including 50-day SMA 50% Fibonacci Retracement of its April – June[​IMG]

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