Forex: GBP/JPY Technical Analysis – Stand-still Below 159.00 Persists
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- Prices broke above resistance at 156.57 (50% Fib), exposing 158.80 (61.8% Fib)
- A further push upward targets 161.57, the 76.4% Fib expansion
- 156.57 is now support. A turn back under that eyes the 38.2% level at 154.33
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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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