Forex: GBP/JPY Technical Analysis – 170.00 Figure Marks Reversal
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- Prices turned lower as expected, forming a bearish Three Inside Down candle pattern
- A break of trend line support (now at 168.00) targets 164.19 (23.6% Fib exp.)
- Resistance is at 170.05, the December 10 swing 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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