Forex: GBP/JPY Technical Analysis – Resistance Seen Above 162.00
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- Prices broke resistance at 160.90 (50% Fib exp.), exposing 162.37 (61.8% Fib)
- Reversing back below 160.90 aims for 159.44 (38.2% Fib, trend line from Aug)
- A further break higher targets 164.18 (76.4% Fib expansion)
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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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