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Forex: GBP/JPY Technical Analysis – Taking Aim at 170.00 Figure

Forex: GBP/JPY Technical Analysis – Taking Aim at 170.00 Figure

2013-12-02 04:42:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • 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.)

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

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Taking Aim at 170.00 Figure

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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