GBP/JPY Technical Analysis 05.28.2013

DailyFX

GBP/JPY Technical Analysis- Prices are bouncing from support at 152.30, the 23.6% Fibonacci retracement. Near-term resistance is at 154.00, the 14.6% Fib, with a break above that eyeing the May 13 high at 156.77. Alternatively, a move below support targets the 38.2% level at 149.53.

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Forex_GBPJPY_Technical_Analysis_05.28.2013_body_Picture_5.png, GBP/JPY Technical Analysis 05.28.2013

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

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