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Forex: GBP/JPY Technical Analysis – Bulls Gain the Upper Hand

Ilya Spivak


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Talking Points


  • Prices broke out of consolidation to challenge resistance at 160.90 (50% Fib expansion)
  • A further push higher targets 162.37 (61.8% Fib exp.)
  • Below support at 159.44 (38.2% Fib) aims for 158.37 (trend line set from August)


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dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Bulls Gain the Upper Hand

Daily Chart - Created Using FXCM Marketscope 2.0




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


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