GBP/JPY Technical Analysis: Resistance Squarely at 153.00
GBP/JPY Technical Analysis– Prices are flirting with support at 150.72, the 23.6% Fibonacci expansion, with a break downward exposing the 38.2% level at 149.30. Near-term resistance is seen at the 153.00 figure, marked by the July 3 swing high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.