GBP/JPY storms through 185.00, highest since Jan 2nd

FXStreet (Bali) - GBP/JPY has caught yet another bid higher, breaking through the 185.00 handle, posting its highest since Jan 2nd this year, as the pair continues to accumulate gains, now over 10 big figures higher since mid April.

The latest surge in the Pound further suggests that the market remains highlyg confident on David Cameron's Conservatives to win the elections, with talk growing louder of a potential absolute majority in parliament.

Technically, the clearance off 185.00 in such a strong fashion communicates that additional gains lie ahead, with the next big level of resistance identified around the 187.00 handle, while on the downside, watch 185.00 for support.