Forex: GBP/JPY Technical Analysis – Buyers Aiming Above 173.00
To receive Ilya's analysis directly via email, please SIGN UP HERE
- 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.
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.