Last night we commented on the direction of the /. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post.

That support level has now been violated and further low of 205.50 seem very plausible. At the time of this post, the / is trading at 205.90/93. Several opportunities for profits have arisen to build but trade cautiously.

Have a great day of trading forex.

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3 Responses to “GBP/JPY Support Broken”

  1. Forex » GBP/JPY Support Broken Says:
    April 29th, 2008 at 5:39

    [...] TopForex.info wrote an interesting post today onHere’s a quick excerpt GBP/JPY Support Broken By Benny Nardino Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post. That support level has now been violated and further low of 205.50 seem very plausible. At the time of this post, the GBP/JPY is trading at 205.90/93. There are opportunities for prifits but trade cautiously. Have a [...]

  2. GBP/JPY Support Broken Says:
    April 29th, 2008 at 6:04

    [...] Original post by Forex Trading | Forex | Forex Trading Strategy | Forex Blog | Currency Trading [...]

  3. GBP/JPY Support Broken » Forex Trading - Is The Topic Says:
    April 29th, 2008 at 10:34

    [...] you are looking for more information on money forex, checkout what Benny Nardino has to say today: Siriusforex - dedicated to your forex trading success, daily charts, markets [...]

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