Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Forex: GBP/JPY Technical Analysis – Aiming Above 162.00 Mark

By , Currency Strategist
18 November 2013 04:25 GMT

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices broke resistance at 160.90 (50% Fib exp.), exposing 162.37 (61.8% Fib)
  • A further break higher targets 164.18 (76.4% Fib expansion)
  • Reversing back below 160.90 aims for 159.44 (38.2% Fib, trend line from Aug)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Aiming Above 162.00 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

For live market updates, visit the Real Time News Feed

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

18 November 2013 04:25 GMT