GBP/JPY Technical Analysis– Prices are testing above resistance at 150.31, the 123.6% Fibonacci expansion. A break above that initially eyes the 138.2% mark at 151.49. Near-term support is at 148.41, the 100% Fib.
Daily Chart – Created Using FXCM Marketscope 2.0
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— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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