Forex: GBP/JPY Technical Analysis –Trying to Reclaim 170.00
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- Prices are testing above resistance at 170.66 (14.6% Fib exp.)
- A break higher on a daily closing basis exposes 172.47 (23.6% Fib exp.)
- Support is in the 167.72-75 area (Jan 27 low, falling channel bottom)
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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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