FXstreet.com (San Francisco) - GBP/JPY ended lower for a third straight day Tuesday, having traded a broad range between 124.67 and 125.37 before closing the North American session down around 20 pips at 124.90. The latest downside move follows last week’s sharp rejection from key Fibonacci resistance at 126.03 (50%, 133.46/118.75 drop). RSI continues to trade in neutral territory, last valued at 56. At the closing bell in New York, the Dow has ended at 13,323.36, having logged its highest level since December 2007 ahead of a key decision from the German Constitutional Court and possible action from the Federal Reserve.
Forex: GBP/JPY lower for 3rd day, Dow ends at near 5-year high
Tue, Sep 11 2012, 20:11 GMT | FXstreet.com
GBP/JPY May 20 at 01:35 GMT
156.02/07 (-0.05%)
H156.36 L 155.01
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
