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Talking Points

  • Prices are testing below support at 171.15 (38.2% Fib exp.)
  • Breaking lower on a daily closing basis exposes 170.39 (50% Fib exp.)
  • Above 172.10 (23.6% Fib exp.) aims for 173.63 (Jan 23 high)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-jpy_body_Picture_12.png, Forex: GBP/JPY Technical Analysis – Eyeing Support Above 170.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

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