GBP/JPY Technical Analysis – Prices vaulted sharply higher, pushing through the 38.2% and 50% Fibonacci expansions to take aim at the 61.8% level (151.88). A break above that eyes the 76.4% Fib at 152.89. Supports are now at 151.06 and 150.24.
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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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