To receive Ilya's analysis directly via email, please SIGN UP HERE
GBP/JPY Technical Analysis
-
Bounce from rising trend line support aims for 154.33-90 area (channel top, 38.2% Fib expansion)
-
Support seen in the 149.70-150.55 region (trend line set from mid-February, rising channel bottom)
-
Break under 149.70 eyes support at 149.69; Push above resistance targets 156.57 (50% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily 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
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.