Forex: GBP/JPY Technical Analysis – Support Below 167.00 Eyed
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- A bearish Three Inside Down candle pattern with negative RSI divergence hints at losses
- Breaking below 166.88 (23.6% Fib retracement) exposes 164.92 (38.2% Fib)
- Turning back above 169.09 (rising trend line) targets 170.05 (December 10 swing high)
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
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