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Oct 12

TECHNICAL ANALYSIS BY NSFX 12.10.2015

By:

High:  Low: 

The rate should find resistance in area 186: there is the 38.2% Fibonacci retracement  and just above it there is the 200SMA.  A breakout of this level can lift the pair to test 188 and then the 61.8% level at 189.6.  Below 183.8 GbpJpy can slide to 180 and then 179. Volatility is decreased but can spike because the rate is overbought.

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