GBPJPY Classic Technical Report 10.08.2012
Forex pairs in this Article »
GBP/JPY
Prices turned lower after probing above support-turned-resistance at 127.08 to retest a rising trend line set from early August, now at 126.29. A break below this barrier initially exposes 125.63. Alternatively, a reversal through resistance targets the September 19 high at 128.82.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com
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