News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Breaking news

Bank of Japan keeps policy unchanged, upgrades FY22 and FY23 inflation outlook to 1.1%

Forex: GBP/JPY Technical Analysis – Buyers Aiming Above 171.00

Forex: GBP/JPY Technical Analysis – Buyers Aiming Above 171.00

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices overturned a bearish Three Inside Down candle pattern, breaking the 170 figure
  • Resistance is now at 171.70 (38.2% Fib exp.); above that targets 173.29 (50% Fib)
  • Negative RSI divergence still warns of a turn lower ahead; support at 169.74 (23.6% Fib)

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

dailyclassics_gbp-jpy_body_Picture_5.png, Forex: GBP/JPY Technical Analysis – Buyers Aiming Above 171.00

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

Contact and follow Ilya on Twitter: @IlyaSpivak


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.