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GBP/JPY Technical Analysis 03.29.2013

GBP/JPY Technical Analysis 03.29.2013

Ilya Spivak, Head Strategist, APAC

GBP/JPY Technical Analysis- Prices are testing support at 142.00, the 38.2% Fibonacci retracement. A break below that aims for the 50% level at 140.80. Near-term resistance is at 143.47, the 23.6% Fib. A push above that eyes a falling trend line at 143.86.

Forex_GBPJPY_Technical_Analysis_03.29.2013_body_Picture_5.png, GBP/JPY Technical Analysis 03.29.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.