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GBP/JPY Technical Analysis: Resistance Squarely at 153.00

Ilya Spivak

GBP/JPY Technical Analysis– Prices are flirting with support at 150.72, the 23.6% Fibonacci expansion, with a break downward exposing the 38.2% level at 149.30. Near-term resistance is seen at the 153.00 figure, marked by the July 3 swing high.

dailyclassics_gbp-jpy_body_Picture_12.png, GBP/JPY Technical Analysis: Resistance Squarely at 153.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

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