Forex: GBP/JPY Technical Analysis – Familiar Trend Line Tested
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- Prices are testing support at 157.67 (trend line from Aug)
- Break lower targets 157.06 (23.6% Fib retracement)
- Resistance at 159.44 (38.2% Fib exp.); above that eyes 160.90 (50% Fib exp.)
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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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