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  • if looking to fade the recent run of $USD strength, $GBPUSD a compelling option. Prior high-flyer beset by a sizable pullback on the USD spike. https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/03/01/British-Pound-Technical-Analysis-GBPUSD-GBP-USD-Pullback-Grinds-Support.html https://t.co/trjy7gn1Ty
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  • interested to see the responses here $Gold https://t.co/NBz8Jyy1qu
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  • https://t.co/mviHFA68q9
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  • #Gold attempted to rebound from multi-month lows today, climbing as high as $1,760 before hitting resistance and turning back downwards. The precious metal is now trading back around $1,735. $XAU $GLD https://t.co/QgXRBljgWe
  • Equities have managed to start the new month on the front foot as bond yields are taking a breather from their rapid surge over the last few weeks. DAX 30 bulls aim towards the 14,000 mark. Get your #DAX market update from @HathornSabin here:https://t.co/E7CYIM0KQC https://t.co/bnFyQfXLP6
GBP/JPY Technical Analysis 03.06.2013

GBP/JPY Technical Analysis 03.06.2013

Ilya Spivak, Head Strategist, APAC

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.

Forex_GBPJPY_Technical_Analysis_03.06.2013_body_Picture_5.png, GBP/JPY Technical Analysis 03.06.2013

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

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