18 Jul 2013
GBP/JPY trades above 153.00 for first time since June 11
FXstreet.com (San Francisco) - The Yen is trading lower across the market as weekend elections in Japan are taking the investor's attention as polls show that PM Abe is likely to win control of both houses of Parliament.
In this frame, the Sterling has rallied around 1% so far today against the Yen with the GBP/JPY reaching highs since June 11 at 153.10.
Currently the GBP/JPY is trading at 152.90 in consolidation mode following the 160 pips upside movement from the 151.50 price traded in the past Asian session. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart.
Indicators such as CCI and Momentum are pointing to the north while the MACD and the Stochastic are neutral also in the 15 minutes timeframe.
Aftre breaking above the 153.00 (maximum July 3), next resistances are at 154.20 and 154.55. On the downside, supports are at 152.70, 152.25 and 152.00.
In this frame, the Sterling has rallied around 1% so far today against the Yen with the GBP/JPY reaching highs since June 11 at 153.10.
Currently the GBP/JPY is trading at 152.90 in consolidation mode following the 160 pips upside movement from the 151.50 price traded in the past Asian session. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart.
Indicators such as CCI and Momentum are pointing to the north while the MACD and the Stochastic are neutral also in the 15 minutes timeframe.
Aftre breaking above the 153.00 (maximum July 3), next resistances are at 154.20 and 154.55. On the downside, supports are at 152.70, 152.25 and 152.00.