GBP/JPY Technical Analysis- Prices broke support at 141.84, the 50% Fibonacci retracement, exposing the 61.8% level at 140.89. A further push beneath that aims for the 76.4% Fib at 139.71. The 141.84 mark has been recast as near-term resistance. A reversal back above that aims for the 38.2% Fib at 142.79.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Investment & Company Information