GBP/JPY Technical Analysis: Sideways Drift Persists

DailyFX

GBP/JPY Technical Analysis– Prices continue to track sideways below the 23.6% Fibonacci expansion at 150.72. Near-term support is at 149.30, the 38.2% level, with a break lower targeting the 50% Fib at 148.16. Alternatively, a break upward eyes trend line support-turned-resistance at 152.27.

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dailyclassics_gbp-jpy_body_Picture_11.png, GBP/JPY Technical Analysis: Sideways Drift Persists

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

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