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Euro Forecast: EUR/USD Price Outlook Bearish Ahead of Key Eurozone Data
2021-07-25 02:00:00
EURUSD Still Owed a Breakout Post-ECB, S&P 500’s Hopes with PMIs a Long-Shot
2021-07-23 02:00:00
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Crude Oil Price Forecast: Rally Back on Track After Bear Trap
2021-07-23 20:50:00
Oil Q3 Technical Forecast
2021-07-22 09:00:00
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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
2021-07-25 12:00:00
Delta Variant Concerns Won't Cripple Markets, US Economy - Market Minutes
2021-07-22 16:00:00
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Gold Price Forecast: Risk of Volatility as Fed Meeting Looms
2021-07-24 22:00:00
Gold Price Forecast – XAU/USD Could Get Put to the Test This Week
2021-07-23 20:00:00
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British Pound (GBP) Weekly Forecast: Attempts to Recover as Sentiment Shifts
2021-07-23 16:00:00
GBP/USD Bounce Fizzles Out Despite Higher Retail Sales in June
2021-07-23 08:00:00
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USD/JPY Rate Tracks Rebound in US Yields Ahead of Fed Rate Decision
2021-07-23 15:00:00
US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due
2021-07-22 22:30:00
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GBPJPY Classic Technical Report 08.10.2012

GBPJPY Classic Technical Report 08.10.2012

Ilya Spivak, Head Strategist, APAC

Prices are wedged between horizontal support at 121.90 and a falling trend line set from the June 22 high now at 122.98. A drop through support exposes the 38.2% Fibonacci expansion at 120.76. Alternatively, a push above resistance aims for Fib retracement levels at 123.74 and 125.28.

GBPJPY_Classic_Technical_Report_08.10.2012_body_Picture_5.png, GBPJPY Classic Technical Report 08.10.2012

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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