Forex technical analysis: GBPJPY buyers build off the lows - ConsultFX

Forex technical analysis: GBPJPY buyers build off the lows

Watching close support as price rebounds Looking at the spread out 4-hour chart, the GBPJPY fell below a swing area between 147.60-77 and the 38.2% of the move up from the August low at 147.66.  That was bearish.  However, the price stalled ahead of the 200 bar MA on the 4-hour chart at 147.12 currently. The Copyright 2015 Forexlive.com