GBP/JPY hits fresh 6-week highs

FXStreet (Córdoba) - The GBP/JPY recently printed a fresh daily high at 173.44, reaching the strongest level since May 2. A strong Pound continues to push the pair to the upside.

GBP/JPY ready to post highest close for 2014

Currently trades at 173.33, up 0.22% for the day so far, headed toward the third daily gain out of the last four trading days and the highest close since the beginning of 2014.

Price bottomed on Tuesday after the release of UK inflation data on European hours but found support at 172.80 and then bounced to the upside. The bullish bias is being confirmed with the Pound holding above 173.00 but still faces resistance below 173.50.