Forex: GBP/JPY Technical Analysis – Support Seen Above 167.00
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Talking Points
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)
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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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