Forex: GBP/JPY Technical Analysis – Pound Falters at 160.00

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Talking Points

  • Prices are pulling back to support at 157.06 (23.6% Fib)
  • A break below that targets 155.25 (38.2% Fib)
  • Near-term resistance is at 159.98 (Sep 19 high)

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dailyclassics_gbp-jpy_body_Picture_12.png, Forex: GBP/JPY Technical Analysis – Pound Falters at 160.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

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