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Home ยป USDJPY gets below 116.72 level. GBPJPY leads the way

USDJPY gets below 116.72 level. GBPJPY leads the way

Posted by Greg Michalowski on Wed, 10/17/2007 - 9:47am

GBPJPY sold off through the intraday support at 238.24 and dragged USDJPY down through the 116.72 with it. Nevertheless, the market seems like a rubber band, stretching until it snaps back on an big order or simply intraday traders lining up on one side.

GBPUSD continues to have support around the 2.0350 level. GBPJPY has some support at 237.68, then 237.37 (21 hour MA on the hourly).

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