GBP/JPY Technical Analysis 03.15.2013

DailyFX

GBP/JPY Technical Analysis- Prices are testing resistance at 145.56, the 76.4% Fibonacci retracement. A break higher targets the February 7 high at 147.96. Near-term support is at 144.08, the 61.8% level, with a turn back below that eyeing the 38.2% Fib at 142.88.

View photo

.
Forex_GBPJPY_Technical_Analysis_03.15.2013_body_Picture_5.png, GBP/JPY Technical Analysis 03.15.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Rates

View Comments (0)