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| GBPJPY |
I see GBP (against USD) over brought and am looking to short any spikes in GBPJPY.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Tuesday, October 9, 2012
GBPJPY Channel Break
This is in continuation of my previous GBPJPY channel post [here].
Currently the price is about to break rising channel and 100MA & 200MA area. If this support area gives in then next small support comes at descending channel's lower trendline. If this area gives in then price should dive down to the horizontal support. This horizontal support is lows of Aug's last week.
I see GBP (against USD) over brought and am looking to short any spikes in GBPJPY.
I see GBP (against USD) over brought and am looking to short any spikes in GBPJPY.
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