U.S. Markets open in 4 hrs 49 mins

Forex: GBP/JPY Technical Analysis – Pound Rejected Sub-155.00

Ilya Spivak


To receive Ilya's analysis directly via email, please SIGN UP HERE


GBP/JPY Technical Analysis – Prices recoiled from resistance at 154.33, the 38.2% Fibonacci expansion, with the pair now retesting support marked by the 23.6% level at 151.56. A break below that targets a rising channel bottom at 149.77. Alternatively, a move above 154.33 eyes the channel top at 154.98.


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_gbp-jpy_body_Picture_12.png, Forex: GBP/JPY Technical Analysis – Pound Rejected Sub-155.00

Daily Chart - Created Using FXCM Marketscope 2.0




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


To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak


New to FX? Watch this Video. 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.