14 Oct 2013
GBP/JPY awaits UK data on the week
FXstreet.com (London) - GBP/JPY is trading within a tighter range with low volumes with Tokyo and the US out for holidays today.
GBP/JPY has printed a high of 157.24 and a low of 156.71. The day has been written off as a snoozer while there has also been little tangible progress over the weekend in the Debt ceiling talks in the US that has taken precedence in markets of late. Meanwhile, it will be a big week ahead for sterling with employment and retail sales the main focus with big risk on weaker data that could see a bigger reaction to good data.
GBP/JPY Levels
The 20 DMA is 157.65, the 50 DMA is 155.15 and the 200 DMA is 150.00. RSI (14) reads 59.21. supports are ascending from 155.85, 156.45 and 157.10. Spot is currently 157.15 while resistances are 157.55, 157.85, 158.85 and 159.40.
GBP/JPY has printed a high of 157.24 and a low of 156.71. The day has been written off as a snoozer while there has also been little tangible progress over the weekend in the Debt ceiling talks in the US that has taken precedence in markets of late. Meanwhile, it will be a big week ahead for sterling with employment and retail sales the main focus with big risk on weaker data that could see a bigger reaction to good data.
GBP/JPY Levels
The 20 DMA is 157.65, the 50 DMA is 155.15 and the 200 DMA is 150.00. RSI (14) reads 59.21. supports are ascending from 155.85, 156.45 and 157.10. Spot is currently 157.15 while resistances are 157.55, 157.85, 158.85 and 159.40.