GBPJPY Classic Technical Report 08.03.2012
Prices are testing support at 120.92, the 14.6% Fibonacci retracement, with a break lower exposing the June 1 low at 118.77. Near-term resistance lines up at 122.24, the 23.6% Fib, with a push above that targeting a falling trend line set from the June 22 high now at 123.35.
Daily Chart - Created Using FXCM Marketscope 2.0
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