GBP/JPY Technical Analysis- Prices treading water above support at 150.08, the 23.6% Fibonacci retracement. A break below that aims for the 38.2% level at 147.74. Near-term swing high resistance barriers line up at 152.51 and 153.85.
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 firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE