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EUR/USD Outlook: Euro Sentiment Soft Eyes on Fed Meeting
2021-07-26 11:05:00
Weekly Fundamental US Dollar Forecast: When Will Fed Raise Rates or Taper?
2021-07-25 16:00:00
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  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.59% 🇳🇿NZD: 0.43% 🇨🇭CHF: 0.39% 🇯🇵JPY: 0.33% 🇦🇺AUD: 0.29% 🇨🇦CAD: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/B4ZNWS1nsB
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  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 0.01% US 500: -0.13% Wall Street: -0.18% Germany 30: -0.22% FTSE 100: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/X9yC7S8wfC
GBPJPY Classic Technical Report 08.23.2012

GBPJPY Classic Technical Report 08.23.2012

Ilya Spivak, Head Strategist, APAC

Prices pulled back from resistanceat 125.28,the 50% Fibonacci retracement level, to retest interim support at a falling trend line resistance set from the May 22 high (now at 124.54). A break below this boundary exposes the 38.2% Fibat 123.74. Alternatively, a renewed push higher that takes out near-term resistance targets the 61.8% level at 126.81.

GBPJPY_Classic_Technical_Report_08.23.2012_body_Picture_5.png, GBPJPY Classic Technical Report 08.23.2012

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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