Forex: GBP/JPY Technical Analysis – Ready to Target 176.00?
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- Prices are pushing higher after forming a Piercing Line candle pattern
- A narrow break of 173.08 (23.6% Fib exp.) has exposed 176.02 (38.2% Fib exp.)
- Closing back below 173.08 sees the next layer of support at 171.27 (14.6% 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
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