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    This blog consists of contributions from FXCM staff, executives and people that have a relationship with FXCM. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FXCM policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FXCM policy, please contact FXCM through the firm's official website, www.fxcm.com.

    • « Pound/Yen - Defining a Bounce | Home | Scenario Analysis of What the Fed Could do in Sept »

    GBP/JPY - Short Term Double Top

    By DailyFX Updates | August 22, 2007

    We made some good $$ with the USD/CHF short and now there is short term opportunity in GBP/JPY. The currency pair has been trading between 225.25-230 since the beginning of the week. It should remain in that range until we get some comments from the Federal Reserve. Right now its trading at 228.61. I think its headed to at least 227.50.

    gbjpy082207


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    Topics: DailyFX.com Updates |

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