GBP/JPY Technical Analysis 04.25.2013
GBP/JPY Technical Analysis- Prices are testing above resistance at 152.52, the 38.2% Fibonacci expansion. A break above that aims for the 50% level at 154.41. Near-term support is at 150.19, the 23.6% Fib.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- 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.
