GBP/JPY Fibonacci retracement 38.2% on the test - ForexTrading.TV

FXStreet (Łódź) - Petar Jacimovic, currency analyst at ForexTrading.TV, suggests that the GBP/JPY Fibonacci retracement 38.2% is on the test.

Jul 14, 2014

USD/JPY rises above 101.50

The USD/JPY managed to advance somewhat during the European session buoyed by the improvement in risk sentiment and hit a 4-day high before losing momentum.

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Jul 14, 2014

GBP/USD breaks below 1.7100

The GBP/USD came under renewed pressure and broke below the 1.7100 mark, triggering stops and accelerating south ahead of the Wall Street opening.

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