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GBPJPY trades between 100 and 200 hour MA. Be on the lookout for a break and run.
The GBPJPY is waffling mostly between the 100 hour MA below at 165.21 and the 200 hour MA above at 166.15 over the last two trading days. The current price is in the middle of that range at 165.63 as traders ponder the next move and shove.
On the topside, the 200 hour MA has seen a number of little breaks. There are 9 small breaks above the 200 hour MA line, but each one fell short of the 38.2% at 166.487 of the move down from the end of October high. There were only 3 hourly bars th... Read More
Posted: Nov 17 2022, 16:01
Author Name: forexlive
Views: 101967
