Forex: GBP/JPY Technical Analysis – Bulls Aim Above 164.00
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Talking Points
Prices broke resistance at 162.37 (61.8% Fib exp.), exposing 164.18 (76.4% Fib)
A further break higher targets 167.10 (100% Fib expansion)
Reversing back below 162.37 aims for 160.90 (50% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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