Forex | Forex | GBP/JPY upside momentum stalls, Oil rebounds temporarily (31/07/2009 15:17:16)

GBP/JPY upside momentum stalls, Oil rebounds temporarily

GBP/JPY upside momentum stalls, bids around 150.00 eyed Oil bulls strike back as large option positions add temorary support GBP/JPY GBP/JPY continues to bounce in a broad 146.76-162.55 range as the price action remains volatile. As range trading conditions persist, a failure by sterling longs to gain momentum above the 158.50 handle is forcing the cross to retreat back into the consolidation range that dominated price action for the better part of July. A move lower will most likely see


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