GBP/JPY Technical Analysis- Prices are testing above resistance at 142.88, the 50% Fibonacci retracement, eyeing the 61.8% level 144.08. A break above that targets the 76.4% Fib at 145.56. Near-term support is at 141.69, the 38.2% level, with a move below that targeting the 23.6% retracement at 140.21.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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