13 Jun 2014
GBP/JPY consolidates above 173.00
FXStreet (Córdoba) - A strong Pound pushed the GBP/JPY to the upside that during the European session climbed to 173.36, hitting the strongest level since May 2.
Afterwards the pair pulled back and found support around the 172.80 area. During the last hours it has been steady, hovering around 173.00, consolidating a weekly gain of 80 pips and trading 200 pips above Thursday’s lows.
GBP/JPY making key break
The pair is breaking an important resistance level located around 173.00. Cable is headed toward the highest weekly close since the beginning of the year.
Afterwards the pair pulled back and found support around the 172.80 area. During the last hours it has been steady, hovering around 173.00, consolidating a weekly gain of 80 pips and trading 200 pips above Thursday’s lows.
GBP/JPY making key break
The pair is breaking an important resistance level located around 173.00. Cable is headed toward the highest weekly close since the beginning of the year.