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GBP/JPY Technical Analysis: Bulls Probe Above 153.00

Ilya Spivak

GBP/JPY Technical Analysis – Prices are testing resistance at 153.07, the 61.8% Fibonacci retracement, with a break above that targeting the 76.4% level at 154.49. Near-term support is at 151.93, the 50% retracement.

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dailyclassics_gbp-jpy_body_Picture_12.png, GBP/JPY Technical Analysis: Bulls Probe Above 153.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

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