GBP/JPY Breaks Above 200 Hour Moving Average

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GBP/JPY Breaks Above 200 Hour Moving Average

By Greg Michalowski on June 26, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

Gbp/Jpy has broken above the 200 Moving Average of 157.47 which also coincides with the 61.8% retracement level based on June 19th high of 159.57. If it breaks back below this level there is added support at 157.22 (100 Moving Average).

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