3 Sep 2013
GBP/JPY meeting offers ahead of the155.00 handle
FXstreet.com (London) - GBP/JPY has drifted higher on the NA session and away from the 154.24 low.
GBP/JPY has been supported on UK data that reinforced the trend of strong releases lately for the pound. However, the BoE on Thursday is going to be the main UK event for the week, where there is still the risk that the Bank attempts to push back on market expectations for the timing of an eventual rate hike.
GBP/JPY levels
The 20 DMA is 152.10, the 50 DMA is 151.50 and the 200 DMA is 146.90. RSI (14) reads 61.35. Supports are ascending from 152.85 153.05, 153.50, 154.30 and 154.50. Spot is currently 154.97 while resistances are 155.00, 155.60, 156.10 and 156.75.
GBP/JPY has been supported on UK data that reinforced the trend of strong releases lately for the pound. However, the BoE on Thursday is going to be the main UK event for the week, where there is still the risk that the Bank attempts to push back on market expectations for the timing of an eventual rate hike.
GBP/JPY levels
The 20 DMA is 152.10, the 50 DMA is 151.50 and the 200 DMA is 146.90. RSI (14) reads 61.35. Supports are ascending from 152.85 153.05, 153.50, 154.30 and 154.50. Spot is currently 154.97 while resistances are 155.00, 155.60, 156.10 and 156.75.