On 04.29.08 by Benny Nardino
Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post.
That support level has now been violated and further low of 205.50 seem very plausible. At the time of this post, the GBP/JPYÂ is trading at 205.90/93. Several opportunities for profits have arisen to build pips but trade cautiously.
Have a great day of trading forex.
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[...] TopForex.info wrote an interesting post today onHere’s a quick excerpt GBP/JPY Support Broken By Benny Nardino Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.†See yesterday’s post. That support level has now been violated and further low of 205.50 seem very plausible. At the time of this post, the GBP/JPY is trading at 205.90/93. There are opportunities for prifits but trade cautiously. Have a [...]
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