GBP/JPY Technical Analysis- Prices are testing resistance at 141.69, the 38.2% Fibonacci retracement. A break higher exposes the 50% level 142.88. Near-term support is at 140.21, the 23.6% level, with a move below that targeting a trend line at 138.67.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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