Forex: GBP/JPY Technical Analysis – Key Trend Line Broken
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- A break of rising trend line support has exposed 167.14 (38.2% Fib ret.)
- Pushing further below that targets 164.77 (50% Fib retracement)
- Back above the trend line (169.34) eyes 170.08 (23.6% Fib ret.)
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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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