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Forex pairs in this Article » GBP/JPY, GBP/JPY
Prices put in a Bearish Engulfing candlestick pattern below resistance at 144.01, hinting a move lower is ahead. Initial support lines up at 142.26, the 23.6% Fib. Alternatively, a reversal above resistance aims for the 50% level at 145.44.

Forex_Analysis_GBPJPY_Classic_Technical_Report_01.11.2013_body_Picture_1.png, Forex Analysis: GBP/JPY Classic Technical Report 01.11.2013 4hr Chart - Created Using FXCM Marketscope 2.0

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

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