GBP/JPY Technical Analysis 05.28.2013
GBP/JPY Technical Analysis- Prices are bouncing from support at 152.30, the 23.6% Fibonacci retracement. Near-term resistance is at 154.00, the 14.6% Fib, with a break above that eyeing the May 13 high at 156.77. Alternatively, a move below support targets the 38.2% level at 149.53.
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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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