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EURUSD and GBPUSD Staged for Breakouts but Where are the Sparks Before NFPs?
2021-05-06 04:00:00
Three Women Leaders Changing Finance, Economics and Business
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Crude Oil Prices May Turn Lower From Key Chart Barrier
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Gold Price Forecast: Fed Speak in Drivers Seat as Jobs Report Approaches
2021-05-06 04:00:00
Gold Price Outlook: Gold Breakout Imminent – XAU/USD Levels for NFP
2021-05-05 18:30:00
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British Pound Aims Higher with BOE Stimulus Unwind in Focus
2021-05-06 07:00:00
EURUSD and GBPUSD Staged for Breakouts but Where are the Sparks Before NFPs?
2021-05-06 04:00:00
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US Dollar Rattles at Resistance: EUR/USD, USD/CAD, USD/JPY
2021-05-05 17:00:00
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2021-05-05 16:55:00
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GBPJPY Classic Technical Report 07.23.2012

GBPJPY Classic Technical Report 07.23.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing through the 23.6% Fibonacci expansion at 122.34 and falling channel support at 121.68. A confirmed daily-close break below the latter boundary exposes the 38.2% Fib at 120.20. Near-term resistance lines up at 123.68, the 14.6% expansion, followed by the channel top resistance now at 124.13.

GBPJPY_Classic_Technical_Report_07.23.2012_body_Picture_5.png, GBPJPY Classic Technical Report 07.23.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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