Remember, the green and yellow area that defined the non trending area at the end of September/beginning of October that led to the sell and trend move lower on the break?
The GBPJPY as it was on October 1, 2014
Today’s 500 pip surge to the upside has pushed the price back above the that yellow and green consolidation area.
What was once resistance, now becomes support.
The GBPJPY remains the king of volatility!
GBPJPY returns to the area from whence it came.
