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Forex: GBP/JPY Technical Analysis – Bulls Aim Above 164.00

Forex: GBP/JPY Technical Analysis – Bulls Aim Above 164.00

2013-11-22 03:45:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices broke resistance at 162.37 (61.8% Fib exp.), exposing 164.18 (76.4% Fib)
  • A further break higher targets 167.10 (100% Fib expansion)
  • Reversing back below 162.37 aims for 160.90 (50% Fib)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Bulls Aim Above 164.00

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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