GBP/JPY Technical Analysis 02.12.2013
GBP/JPY Technical Analysis- Prices are pulling back from support-turned-resistance at a rising trend line set from late January. Initial support is at 145.90, the 23.6% Fibonacci retracement. A break below that targets the 38.2% mark at 144.63. Near-term resistance is at 147.96, the February 7 high.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. 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
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