Forex: GBP/JPY Technical Analysis – Pound Rebounds at Trend Line
To receive Ilya's analysis directly via email, please SIGN UP HERE
GBP/JPY Technical Analysis
- Bounce from rising trend line support aims for 154.33-90 area (channel top, 38.2% Fib expansion)
- Support seen in the 149.70-150.55 region (trend line set from mid-February, rising channel bottom)
- Break under 149.70 eyes support at 149.69; Push above resistance targets 156.57 (50% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
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
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.