22 Aug 2013
GBP/JPY neutral
FXstreet.com (Barcelona) - GBP/JPY has reached a high of 153.61 overnight but had lost its positioning to sub 153.20 before opening in European markets.
GBP/JPY is drifting higher and is currently trading slightly bid in the 153.30’s. In the absence of UK and Japanese data, Focus in on the US and the weekly initial unemployment claims will be closely monitored after the impressive fall to just 320K last week. The results could prove a strong US labour market. The annual Jackson Hole conference for central bankers also starts today. However, there No prominent Fed speakers that are scheduled, so there shouldn’t be any new insight into Fed's monetary policy thinking.
GBP/JPY neutral
GBP/JPY is a mixed play and neutral for the time being. The 20 DMA is 151.00, 50 DMA is 151.00 and the 200 DMA is 146.00. RSI (9) reads 60.75. Supports are ascending from 149.80, 150.65, 151.20, 151.70 and 152.75. Spot is currently 153.33 while resistances are 154.05, 154.65 and 155.05.
GBP/JPY is drifting higher and is currently trading slightly bid in the 153.30’s. In the absence of UK and Japanese data, Focus in on the US and the weekly initial unemployment claims will be closely monitored after the impressive fall to just 320K last week. The results could prove a strong US labour market. The annual Jackson Hole conference for central bankers also starts today. However, there No prominent Fed speakers that are scheduled, so there shouldn’t be any new insight into Fed's monetary policy thinking.
GBP/JPY neutral
GBP/JPY is a mixed play and neutral for the time being. The 20 DMA is 151.00, 50 DMA is 151.00 and the 200 DMA is 146.00. RSI (9) reads 60.75. Supports are ascending from 149.80, 150.65, 151.20, 151.70 and 152.75. Spot is currently 153.33 while resistances are 154.05, 154.65 and 155.05.