GBPJPY falls to swing area and 50% retracement of recent move higher. Buyers enter. ...Middle East

In my last technical post on the GBPJPY last week, I spoke about the importance of the 100-hour moving average. That moving average has been a point of support (and resistance) going back in time as a market trended to the upside.Don Friday, the price fell below that 100-hour moving average and then used that moving average as resistance before moving sharply to the downside testing the 38.2% retracement and bouncing higher into the close of the week.Today, the price high moved up to the underside of the broken trend line and rotated back to the downside. The price fell below the 200-hour moving average and continued the run lower in the European/early US session. That run took the price to

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GBPJPY falls to swing area and 50% retracement of recent move higher. Buyers enter. ...Middle East

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