Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home
Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.
Home » Forex Trading: GBPJPY breaks through trendline support at 202.93

Forex Trading: GBPJPY breaks through trendline support at 202.93

Posted by Greg Michalowski on Thu, 05/08/2008 - 9:44am in

The GBPJPY has been under pressure as  risk trades are being liquidated.  On the chart the 100 day moving average was held.  Today, the trendline was broken at the 202.93.   Intraday traders will be watching the level to see if the trend lower can continue. 

Reply
The content of this field is kept private and will not be shown publicly.
email us with comments