Forex: GBP/JPY Technical Analysis – Next Stop Above 167.00?
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- Prices narrowly closed above 164.18 (76.4% Fib exp.), exposing 167.10 (100% Fib)
- RSI is at a seven-month high, warning a pullback may be due ahead
- A turn back below 164.18 sees initial support at 162.37 (61.8% 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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