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Forex pairs in this Article » GBP/JPY
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Talking Points

  • Prices turned lower as expected after showing a Bearish Engulfing candle pattern
  • Breaking support at 167.87 (38.2% Fib ret.) exposes 165.72 (50% Fib ret.)
  • Reversing back above 170.53 (23.6% Fib ret.) targets 173.12 (Jan 9 high)
Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-jpy_body_Picture_11.png, Forex: GBP/JPY Technical Analysis – Support Now Below 168.00Daily Chart - Created Using FXCM Marketscope 2.0

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