Forex: GBP/JPY Technical Analysis – Triangle Pattern Top at Risk

DailyFX

GBP/JPY Technical Analysis – Prices are pushing higher toward resistance marked by the top of a Triangle chart pattern at 153.22, with a break higher targeting the 38.2% Fibonacci expansion at 154.29. Near-term support is at 151.54, the 23.6%, with a move below that eyeing the Triangle bottom at 147.70.

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dailyclassics_gbp-jpy_body_Picture_12.png, Forex: GBP/JPY Technical Analysis – Triangle Pattern Top at Risk

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

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