Forex: GBP/JPY Technical Analysis – Support Seen Above 167.00
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices recoiled from resistance at 170.66 (14.6% Fib exp.)
- Below 167.14-50 (channel floor, 38.2% Fib ret.) exposes 164.77 (50% Fib ret.)
- Above resistance aims for 172.47-173.19 (23.6% Fib exp., channel top)
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
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE!
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.