Forex: GBP/JPY Technical Analysis – Pound Hits 4-Year High
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- 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
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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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