GBP/JPY Technical Analysis 04.04.2013

DailyFX

GBP/JPY Technical Analysis- Prices launched a sharp recovery following the BOJ monetary policy announcement, with buyers testing resistance at 144.08 marked by the 61.8% Fibonacci retracement. A break above that targets falling trend line resistance at 144.75.

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Forex_GBPJPY_Technical_Analysis_04.04.2013_body_Picture_5.png, GBP/JPY Technical Analysis 04.04.2013

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

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