GBP/JPY Technical Analysis- Prices are testing resistance at 152.44, the 150% Fibonacci expansion. A break above that initially eyes the 161.8% mark at 153.39. Near-term support is at 151.49, the 138.2% Fib, with a reversal back beneath that exposing 123.6% expansion at 150.31.
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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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