GBP/JPY Technical Analysis 02.08.2013
GBP/JPY Technical Analysis- Prices broke rising trend line support to challenge the 23.6% Fibonacci retracement at 145.90. A break below that aims for the 38.2% level at 144.63. Near-term resistance is at 147.24.
4hr 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
To be added to Ilya's e-mail distribution list, please CLICK HERE
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.
