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GBP/JPY Technical Analysis 04.08.2013

Ilya Spivak

GBP/JPY Technical Analysis- Prices are testing above resistance at 150.31, the 123.6% Fibonacci expansion. A break above that initially eyes the 138.2% mark at 151.49. Near-term support is at 148.41, the 100% Fib.

Forex_GBPJPY_Technical_Analysis_04.08.2013_body_Picture_5.png, GBP/JPY Technical Analysis 04.08.2013

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

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