GBP/JPY Technical Analysis- Prices are testing support at 150.08, the 23.6% Fibonacci retracement, with a break below that aiming for the 38.2% level at 147.74. Near-term swing high resistance barriers line up at 152.51 and 153.85.

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

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