GBP/JPY Technical Analysis- Prices are pulling back from support-turned-resistance at a rising trend line set from late January. Initial support is at 145.90, the 23.6% Fibonacci retracement. A break below that targets the 38.2% mark at 144.63. Near-term resistance is at 147.96, the February 7 high.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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