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Forex - GBP/JPY Technical Analysis (British Pound / Yen)
The pair GBP/JPY continues to move between 123.75 and 124.35. Indicators are neutral. We are neutral between 123.75 (level 38.20% of fibonacci retracements) and 124.35. We advise to wait an exit of this range to take position: - Long above 124.35. The breakout of 125.28 (level 50%) will give a new buy signal - Short below 123.75. The breakout of 123 will give a new sell signal.
Jun 29 | Forextribe
GBPJPY Trade setup 2012.02.08
Let's look at the sell opportunity we have for this pair. We start off by looking at the H1 charts. We have several resistance areas around 122.74, 123.15 and 124. We also have 19 candles running the Bollinger bands and like I have said before this is a visual tool used to give us a heads up that price once it reaches 20+ candles could start to make a change in direction.
Feb 08, 2012 | FXEmpire
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