GBP/JPY Technical Analysis: Downside Follow-Through Finally Emerges
GBP/JPY Technical Analysis- Prices broke out of consolidation to clear support at 152.30, the 23.6% Fibonacci retracement. Sellers now target the 38.2% level at 149.53, with a break below that targeting the 50% Fib at 147.29. The 152.30 mark has been recast as near-term resistance.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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