Forex technical analysis: GBPJPY ping pongs from support to resistance - ConsultFX

Forex technical analysis: GBPJPY ping pongs from support to resistance

Moving into cluster of resistance area... The GBPJPY opened and moved lower - and to the lowest level since October 12th.  The low stalled at 147.62.  Going back to October 5th, there are a number of swing lows in the 147.604 to 147.72 area (red circles).  IN addition, a lower trend line connecting lows from the Copyright 2015 Forexlive.com