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GBP/JPY Technical Analysis 04.24.2013

Ilya Spivak

GBP/JPY Technical Analysis- Prices treading water above support at 150.08, the 23.6% Fibonacci retracement. A break below that aims for the 38.2% level at 147.74. Near-term swing high resistance barriers line up at 152.51 and 153.85.

Forex_GBPJPY_Technical_Analysis_04.24.2013_body_Picture_1.png, GBP/JPY Technical Analysis 04.24.2013

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

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