GBPJPY Classic Technical Report 08.06.2012
Prices are pulling back from falling trend line resistance to retest the 23.6% Fibonacci retracement at 122.24, with a break below that exposing the 14.6% level at 120.92. Alternatively, a push above the trend line (now at 123.29) targets the 38.2% retracement at 124.39.
Daily Chart - Created Using FXCM Marketscope 2.0
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