Wednesday, September 12, 2012

GBPJPY Resistance Turned Support

GBPJPY H1: Resistance Turned Support

GBPJPY is finding very nice support at broker resistance level. Next resistance level comes around 125.40.




Updated on 13-Sep: Pair is close to the resistance but has broken down the trendline which was holding it up for past 1 month...
A bigger view on H4.



1 comment:

  1. Nice chart, the pair bounced off your resistance turned support...it then broke through this weeks highs, but price is now dropping, if buyers fail to sustain price above 125 zone...i will fade the breakout and look for shorts...will have to wait for sellers to fomr some bases of R

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