Forex: GBP/JPY Technical Analysis – Support Below 166.00 Tested
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- Prices declined as expected after putting a Harami candlestick pattern
- Initial support is at 165.72 (23.6% Fib); below that aims for 163.62 (38.2% Fib)
- Near-term resistance is at 169.13, the December 3 high
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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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