Forex: GBP/JPY Technical Analysis – Pound Rebounds at Trend Line
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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)
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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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