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Forex: GBP/JPY Technical Analysis – Buyers Aiming Above 173.00

Forex: GBP/JPY Technical Analysis – Buyers Aiming Above 173.00

2013-12-27 03:42:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices broke above 171.70 (38.2% Fib exp.), exposing 173.29 (50% Fib exp.)
  • A further push above that aims for 174.88 (61.8% Fib expansion)
  • Turning back below 171.70 targets 169.74 (23.6% Fib exp.)

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

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Buyers Aiming Above 173.00

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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