Forex: GBP/JPY Technical Analysis – Rally Stalls Above 173.00 Figure
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- Prices are testing above 173.29 (50% Fib exp.); breaking higher eyes 174.88 (61.8% Fib)
- Near-term support is at 171.70 (38.2% Fibonacci expansion)
- Reversing below support targets 169.74 (23.6% Fib)
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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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