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GBP/JPY Support Broken
By Benny Nardino | April 29, 2008
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. Several opportunities for profits have arisen to build pips but trade cautiously.
Have a great day of trading forex.
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April 29th, 2008 at 5:39
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April 29th, 2008 at 6:04
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April 29th, 2008 at 10:34
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