GBP/JPY Technical Analysis– Prices treading water above support at 150.08, the 23.6% Fibonacci retracement. A break below that aims for the 38.2% level at 147.74. Near-term swing high resistance barriers line up at 152.51 and 153.85.
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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