The GBPJPY is at daily Fibonacci support at the 159.50 level at the London Open tonight.

GBPJPY Daily Fibo StudyThe Fibonacci Study here shows the next daily target 300 pips away at 156.513 which is the Fibo Extension 21.4% below the zero line.

Be aware however, there is Weekly M1 Support at 159.2085 and Weekly S2 Support at 157.7557 and Monthly M2 Support at 155.7340

Regards,

Tyler Lund

US Dollar Analyst, FOREX.TODAY

 

 

2 thoughts on “GBPJPY LONDON OUTLOOK”

  1. MLC says:

    Thanks Tyler Great analysis!

  2. Tyler Lund says:

    Thanks MLC

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