GBP/JPY Technical Analysis – Stalling Above 155.00
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- Prices completed a Head and Shoulders (H&S) top below 160.00 as expected
- Sellers are testing support at 155.25 (38.2%); breaking lower aims for 153.78 (50% Fib)
- Near-term resistance is at 157.06 (23.6% Fib); above that targets 158.16 (H&S neckline)
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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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