Forex: GBP/JPY Technical Analysis – Taking Aim at 170.00 Figure
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- Prices broke above resistance at 167.10 (100% Fib expansion)
- Resistance is now at 170.03 (123.6% Fib); above that targets 171.84 (138.2% Fib)
- A turn back below 167.10 aims for 164.18 (61.8% Fib exp.)
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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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