Forex technical analysis: GBPJPY caught in the down and up rinse cycle - ConsultFX

Forex technical analysis: GBPJPY caught in the down and up rinse cycle

Tests 100 hour MA again after stalling near week lows The GBPJPY has been caught in the down and up rinse cycle in the market today. Looking at the hourly chart above, in the Asian session, the price fell to support near last week's lows at 148.40.  The rally into the London morning session stalled against the Copyright 2015 Forexlive.com