Forex: GBP/JPY Technical Analysis – Eyeing Support Above 170.00
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- Prices are testing below support at 171.15 (38.2% Fib exp.)
- Breaking lower on a daily closing basis exposes 170.39 (50% Fib exp.)
- Above 172.10 (23.6% Fib exp.) aims for 173.63 (Jan 23 high)
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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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