GBP/JPY Technical Analysis- Prices are testing support at 142.00, the 38.2% Fibonacci retracement. A break below that aims for the 50% level at 140.80. Near-term resistance is at 143.47, the 23.6% Fib. A push above that eyes a falling trend line at 144.03.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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