Forex: GBP/JPY Technical Analysis – Pound Hits 4-Year High
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are testing above resistance at 156.57 (50% Fib expansion)
- Break higher on a daily closing basis initially exposes 158.80 (61.8% Fib)
- Near-term support at 154.33, the 38.2% expansion
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.