Forex: GBP/JPY Technical Analysis – Bears Breach 156.00 Mark
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices completed a Head and Shoulders top below 160.00 as expected
- A break of support at 156.34 (38.2% Fib) has exposed 155.21 (50% Fib)
- Below 155.21 aims for 154.09 (61.8% Fib); 156.34 now recast as resistance
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
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.