Forex: GBP/JPY Technical Analysis – Climb to 170.00 Continues

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Talking Points

  • Prices broke above resistance at 167.10 (100% Fib expansion)
  • Resistance is now at 170.03 (123.6% Fib); above that targets 171.84 (138.2% Fib)
  • A turn back below 167.10 aims for 164.18 (61.8% Fib exp.)

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dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Climb to 170.00 Continues

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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