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Tuesday 29 September 2015

GBPJPY trend & momentum 29-Sep-2015

GBPJPY is nearly the lowest level since last May, currently staying around 181.50.

Financial market is volatile and chaotic today. Glencore, the stock price is nearly 70.00, and it recorded more than 300 about 4 months ago. One of Japanese shipping company is going to be under administration, due to extraordinary loss expected.

Downside of this crash is unpredictable, but the trend and momentum in GBPJPY is indicating the trend is reversed for a coming week against the downward trend in last 2 weeks.








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