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.
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