GBP/JPY Technical Analysis: Foothold Above 150.00 Reclaimed


GBP/JPY Technical Analysis – Prices recovered above resistance at 150.05, the 38.2% Fibonacci retracement, exposing the 50% level at 150.81 as the next upside threshold. A push beyond that aims for the 61.8% Fib at 151.57. Alternatively, a move back below 150.05 eyes the 23.6% retracement at 149.11.

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dailyclassics_gbp-jpy_body_Picture_12.png, GBP/JPY Technical Analysis: Foothold Above 150.00 Reclaimed

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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