Forex: GBP/JPY Technical Analysis – Bounce Sees Resistance at 157.00
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- Prices completed a Head and Shoulders (H&S) top below 160.00 as expected
- A near-term bounce sees prices testing resistance in the 157.06-63 area
- Break higher initially targets 159.44; near-term support is at 155.25
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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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