GBP/JPY Technical Analysis – Prices are drifting sideways above support at 148.76, the July 10 low. A break below that aims for the August 8 bottom at 147.58. Near-term trend line resistance is at 150.33, with a move above that targeting the underside of a previously broken upward-sloping barrier now at 151.94.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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