GBP/JPY Technical Analysis – Prices vaulted sharply higher, pushing through the 38.2% and 50% Fibonacci expansions to test the 61.8% level (151.88). A break above that targets the 76.4% Fib at 152.89. The 50% level has been recast as near-term support.
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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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