-
GBP/JPY Support/Resistance Zone in Play
Good morning traders, Well, it’s Monday Asian session and we have got some nice price action offering opportunity for savvy traders who were ready for the open! Do you remember back in August, we were talking about the different ways to draw your GBP/JPY trend lines? Well although the first subjective trend line broke to the downside, price has since been following it back up and respecting the level on both sides. Just think how often these trend line breakouts fail and price action just follows the line back in the direction of the original trend. Not something that the trading textbooks will tell you, but ... (full story)