GBP/JPY Technical Analysis: Trend Line Holds as Resistance
GBP/JPY Technical Analysis – Prices are pulling back after retesting support-turned-resistance at a rising trend line set from mid-June. Near-term support is at 150.19, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% level at 149.34. Trend line resistance is now at 151.47.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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