Forex: GBP/JPY Technical Analysis – Breakout Aims Above 167.00
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- Prices overturned signs of topping to break above 164.18 (76.4% Fib expansion)
- Resistance is now at 167.10 (100% Fib); above that targets 170.03 (123.6% Fib)
- A turn back below 164.18 aims for 162.37 (61.8% Fib)
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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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