GBP/JPY Technical Analysis: 150.00 Figure in the Balance

DailyFX

GBP/JPY Technical Analysis– Prices are testing rising trend line support at 150.75, with a break below that targeting the 38.2% Fibonacci retracementat 149.53. Near-term resistance is at 152.30, the 23.6% level. A push above that exposes the 14.6% Fib at the 154.00 figure anew.

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dailyclassics_gbp-jpy_body_Picture_12.png, GBP/JPY Technical Analysis: 150.00 Figure in the Balance

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

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