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Forex pairs in this Article » GBP/JPY
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Talking Points

  • Prices reversed sharply higher, forming a bullish Piercing Line candle pattern
  • Breaking above 171.27 (14.6% Fib exp.) exposes 173.08 (23.6% Fib exp.)
  • Near-term support comes in at 168.57 (rising trend line)
Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Resistance Met Above 171.00Daily Chart - Created Using FXCM Marketscope 2.0

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