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Forex: GBP/JPY Technical Analysis – Breakout Aims Above 167.00

Forex: GBP/JPY Technical Analysis – Breakout Aims Above 167.00

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • 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)

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

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Breakout Aims Above 167.00

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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