GBP/JPY Technical Analysis– Prices are testing above resistance at 152.52, the 38.2% Fibonacci expansion. A break above that aims for the 50% level at 154.41. Near-term support is at 150.19, the 23.6% 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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