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Thursday, October 7, 2010

FOREX TRADING - GBPJPY October 7 , 2010 - Morning Report

Thursday, October 7, 2010
FOREX TRADING - GBPJPY October 7 , 2010 - Morning Report
GBP/JPY - GBPGPY - GBP JPY
Morning Report


When AROON indicator started to show an obvious bullish sign, Stochastic negatively overlapped and thus the contrarian between trend and momentum indicators continued for the third consecutive day. A bearish channel was drawn but a stable move above 50% Fibonacci for the rally from 127.60 to

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