Forex: GBP/JPY Technical Analysis – Rally Stalls Above 173.00 Figure

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Talking Points

  • Prices are testing above 173.29 (50% Fib exp.); breaking higher eyes 174.88 (61.8% Fib)
  • Near-term support is at 171.70 (38.2% Fibonacci expansion)
  • Reversing below support targets 169.74 (23.6% Fib)

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dailyclassics_gbp-jpy_body_Picture_12.png, Forex: GBP/JPY Technical Analysis – Rally Stalls Above 173.00 Figure

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

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