Forex: GBP/JPY Technical Analysis – Bulls Challenge 155.00 Mark
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Bounce from rising trend line has exposed the 154.33-155.00 area (channel top, 38.2% Fib expansion)
- Support seen in the 149.74-150.77 region (trend line set from mid-February, rising channel bottom)
- Break under 149.74 eyes support at 147.69; 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.