GBP/JPY continues to fall, looking to retest support at the 1.350 area. Because of this, it might be possible to put a buy in with a very tight stop. A break below the 1.35 mark signals a larger move to the downside. A bullish move could start at this point that would last for the longer-term. Certainly the central banks would like to see that.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.