GBP/JPY enjoying the ride

FXstreet.com (London) - GBP/JPY cross is enjoying it from both sides. The pair is up sharply 1.22% and testing the 163.00 handle. Not only USD/JPY testing the 101 level, trading at the highest level since July 10, sterling is defiant against a broadly stronger dollar as well. Meanwhile, the BOJ left rates and policy unchanged and following a buoyant Nikkei once more. The BoJ monthly survey is coming up tonight before a quiet looking close to the week.

GBP/JPY Levels

The 20 DMA is 158.80, the 50 DMA is 158.15 and the 200 DMA is 152.00. RSI (14) reads 77.98. Supports are ascending from 159.95, 160.45, 161.35, 161.80, 162.45 and 162.60. Spot is currently 162.99 with major resistance at 163.05.