GBP/JPY Technical Analysis – Prices are testing resistance at 153.07, the 61.8% Fibonacci retracement, with a break above that targeting the 76.4% level at 154.49. Near-term support is at 151.93, the 50% retracement.
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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