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Talking Points

  • Prices are pushing higher after forming a Piercing Line candle pattern
  • Moving above 173.08 (23.6% Fib exp.) exposes 176.02 (38.2% Fib exp.)
  • Turning below 171.27 (14.6% Fib exp.) targets 169.05 (rising trend line)

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

dailyclassics_gbp-jpy_body_Picture_12.png, Forex: GBP/JPY Technical Analysis – Buyers Aiming Above 173.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

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