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2 Aug 2013
GBP/JPY bid with highs 151.27
FXstreet.com (London) - GBP/JPY is performing over 3 big figures higher on yesterday lows.
GBP/JPY has walked at pace from yesterdays lows of 148.24 to reached 151.27 in London markets today so far. The pair is benefitting form a stronger dollar, which is essentially this week’s story in the FX space. The USD/JPY pair has risen from the lows in 97.58 and on a couple of attempts, has finally found it’s footing along a bull run to record a high of 99.71, carrying GBP/JPY with it.
GBP/JPY Levels
Up today are Non Farm Payrolls in focus this afternoon and we may see a sideways pattern forming within a 40-pip range to meet the gap and the support 150.90 with RSI reading above 70. GBP/JPY RSI (14) reads 74. Supports are ascending from 148.25, 149.10, 149.50, 150.00, 150.40, 150.90. Spot is around 151.30 and Resistances are, 151.65, 152.00 and 152.35.
GBP/JPY has walked at pace from yesterdays lows of 148.24 to reached 151.27 in London markets today so far. The pair is benefitting form a stronger dollar, which is essentially this week’s story in the FX space. The USD/JPY pair has risen from the lows in 97.58 and on a couple of attempts, has finally found it’s footing along a bull run to record a high of 99.71, carrying GBP/JPY with it.
GBP/JPY Levels
Up today are Non Farm Payrolls in focus this afternoon and we may see a sideways pattern forming within a 40-pip range to meet the gap and the support 150.90 with RSI reading above 70. GBP/JPY RSI (14) reads 74. Supports are ascending from 148.25, 149.10, 149.50, 150.00, 150.40, 150.90. Spot is around 151.30 and Resistances are, 151.65, 152.00 and 152.35.