5 Dec 2014
GBP/JPY breaks above 189.00
FXStreet (Córdoba) - The decline of the yen after the release of the US employment report boosted GBP/JPY to 189.69, reaching the strongest level since September 2008.
The pair pulled back but managed to hold above 189.00 after finding support above 189.15 (American session low).
GBP/JPY long term rally continues
The pound is about to post the seventh consecutive weekly gain versus the yen, holding a bullish tone after breaking on Tuesday above 186.40/50 (Nov 20, 24, 26 highs). Price approached the psychological level of 190.00 despite the decline of the GBP/USD to fresh 1-year lows.
The pair pulled back but managed to hold above 189.00 after finding support above 189.15 (American session low).
GBP/JPY long term rally continues
The pound is about to post the seventh consecutive weekly gain versus the yen, holding a bullish tone after breaking on Tuesday above 186.40/50 (Nov 20, 24, 26 highs). Price approached the psychological level of 190.00 despite the decline of the GBP/USD to fresh 1-year lows.