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GBPJPY testing key support again.

Written January 10, 2008 at 1:41 PM EST by Greg Michalowski 

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The 213.64 is key trendline support  The market tested the suport level, hitting a low of 213.55.  However, it was able to bounce back above from the extreme.  A move below this level again (probably accompanied by a sell off in the stock market) may solicit further longer term liquidation from bottom pickers in the pair.

Click on the chart to expand.

Categories: Forex News, Misc  |  Tags: ,
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