Thursday, November 21, 2013

Forex: GBP/JPY Technical Analysis ? Bulls Aim Above 164.00




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Talking Points



  • Prices broke resistance at 162.37 (61.8% Fib exp.), exposing 164.18 (76.4% Fib)


  • A further break higher targets 167.10 (100% Fib expansion)


  • Reversing back below 162.37 aims for 160.90 (50% Fib)


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Bulls Aim Above 164.00


Daily Chart – Created Using FXCM Marketscope 2.0



— Written by Ilya Spivak, Currency Strategist for DailyFX.com



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Forex: GBP/JPY Technical Analysis ? Bulls Aim Above 164.00

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