GBP/JPY Technical Analysis– Prices are recovering from rising trend line support to test above the 23.6% Fibonacci retracement at 152.30, with a break higher exposing the 14.6% level at 154.00. Alternatively, a move beneath the trend line (now at 150.65) exposes the 38.2% mark at 149.53.

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

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