Filed Under:
Forex pairs in this Article » GBP/JPY, GBP/JPY
Prices broke resistance at 138.75, the 23.6% Fibonacci expansion, exposing the 38.2% level at 140.54. A further push higher above that eyes the 50% Fib at 142.00. The 138.75 mark has been recast as near-term support. A reversal back below that aims for the 14.6% expansionat 137.66.

Forex_Analysis_GBPJPY_Classic_Technical_Report_12.31.2012_body_Picture_1.png, Forex Analysis: GBP/JPY Classic Technical Report 12.31.2012 Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

comments powered by Disqus