Forex: GBP/JPY Technical Analysis – Pound Tops as Expected
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- Prices completed a Head and Shoulders top below 160.00 as expected
- Sellers are now testing support at 156.34 (38.2% Fib); close under that eyes 155.21 (50% Fib)
- Near-term resistance is at 157.73 (23.6% Fib retracement)
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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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