22 Aug 2013
GBP/JPY sellers contained above 152.50
FXstreet.com (Barcelona) - The GBP/JPY foreign exchange cross rate is last trading at 152.89, off recent session lows at 152.66, retracing from late NY session fresh 1-month highs at 153.66 following massive Pound weakness after FOMC.
GBP/JPY trying to revive the upmove
According to the FXMarketAlerts Team, “Bulls trying to revive the upmove from 147.62 low but seeing move above the 153.58 resistance last session short-lived with current setback supporting a consolidative tone during intraday trading. Support seen at 152.12 ahead of 151.74/50.” The cross is up +0.34% for the week thus far, while Nikkei is down more than -1% for the day.
GBP/JPY key technical levels
Immediate support to the downside for GBP/JPY lies at recent session lows 152.65, followed by yesterday's lows at 152.09, and Tuesday's weekly lows at 151.75. To the upside, closest resistance shows at Tuesday's highs 153,13, followed by August 15 highs at 153.32, and August 19 highs at 153.57.
GBP/JPY trying to revive the upmove
According to the FXMarketAlerts Team, “Bulls trying to revive the upmove from 147.62 low but seeing move above the 153.58 resistance last session short-lived with current setback supporting a consolidative tone during intraday trading. Support seen at 152.12 ahead of 151.74/50.” The cross is up +0.34% for the week thus far, while Nikkei is down more than -1% for the day.
GBP/JPY key technical levels
Immediate support to the downside for GBP/JPY lies at recent session lows 152.65, followed by yesterday's lows at 152.09, and Tuesday's weekly lows at 151.75. To the upside, closest resistance shows at Tuesday's highs 153,13, followed by August 15 highs at 153.32, and August 19 highs at 153.57.