Forex: GBP/JPY Technical Analysis – Top in Place Below 175.00?
To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
A Bearish Engulfing candle pattern hints at a turn lower in the works
Clearing support at 172.17 (14.6% Fib exp.) exposes 170.53 (23.6% Fib)
Near-term resistance is at 174.83 (January 2 swing high)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
