8 Aug 2013
GBP/JPY capped at 149.90
FXstreet.com (Chicago) - GBP/JPY was capped by immediate resistance at 149.90 after multiple attempts to break above that zone.
The pound had strengthened 0.38% against the pound that fell on release of BoJ data earlier in the day. The Nikkei had closed with 1.59% losses at the sunset of Thursday’s session in Asia. Maintaining its interest rate at 0.1% unanimously, the bank intends to increase its monetary base at an annual pace of about 60-70 trillion yen.
Technically speaking, continued to trade below 150.00 at 149.66, accumulating 0.33% daily gains and navigating between supports at 149.76 (August 2nd lows), 149.64 (July 30th highs), 149.54 (July 31st highs) and resistances at 149.90 (intraday highs), 149.99 (July 29th lows) and 150.12 (August 1st lows). The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis with CCI and Momentum indicators pointing up.
The pound had strengthened 0.38% against the pound that fell on release of BoJ data earlier in the day. The Nikkei had closed with 1.59% losses at the sunset of Thursday’s session in Asia. Maintaining its interest rate at 0.1% unanimously, the bank intends to increase its monetary base at an annual pace of about 60-70 trillion yen.
Technically speaking, continued to trade below 150.00 at 149.66, accumulating 0.33% daily gains and navigating between supports at 149.76 (August 2nd lows), 149.64 (July 30th highs), 149.54 (July 31st highs) and resistances at 149.90 (intraday highs), 149.99 (July 29th lows) and 150.12 (August 1st lows). The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis with CCI and Momentum indicators pointing up.