Forex: GBP/JPY Technical Analysis – Pound Attempts Upside Break
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- Prices are testing above resistance at 159.44 (38.2% Fib exp.)
- A break higher on daily closing basis initially targets 160.90 (50% Fib exp.)
- Support is at 158.21 (trend line from August); below that eyes 157.06 (23.6% Fib ret.)
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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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