Forex Analysis: GBP/JPY Classic Technical Report 11.16.2012
Prices broke above the 14.6% Fibonacci retracement at 128.05, exposes channel top resistance at 130.07. The 128.05 level has been recast as support, with a reversal back below that exposing the 23.6% retracement at 127.07.
Daily Chart - Created Using FXCM Marketscope 2.0
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