Forex: GBP/JPY Technical Analysis – Bulls Set Sights Above 171.00
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices broke resistance at 169.26 (23.6% Fib exp.), exposing 171.36 (38.2% Fib exp.)
- A further push beyond that aims for 173.07 (50% Fib expansion)
- Reversing back below 169.26 targets 165.72 (23.6% Fib retracement)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.