10 Jun 2013
GBP/JPY drifting through 153.00 after rebounding to upside
FXstreet.com (London) - Despite Japanese annualised GDP printing a better than expected number, GBP/JPY rebounded strongly and is GBP/JPY is drifting along through 153.00 and sitting above there in a slow start to the week.
Japans GDP
The GDP arrived at 4.1%, vrs 1% previous and an expectation of 3.4%.
GBP/JPY targeting 155.10
After last weeks rejection of the daily cloud lows, USD/JPY has been taken higher, both in Asia and in the European session today. ICN.com analysts explained that GBP/JPY achieved the latest suggested negative scenario and approached 148.00 levels then rebounded sharply to the upside stabilizing above 152.00. Some intraday bullish momentum is likely targeting 155.10, while breaking 152.00 will bring the downside move back.
Levels in GBP/JPY
Without there being any top tier data today for the calendar, before tomorrows BOJ interest rate meeting, 152.30, 152.00 and 151.50 comes as next support levels.
Japans GDP
The GDP arrived at 4.1%, vrs 1% previous and an expectation of 3.4%.
GBP/JPY targeting 155.10
After last weeks rejection of the daily cloud lows, USD/JPY has been taken higher, both in Asia and in the European session today. ICN.com analysts explained that GBP/JPY achieved the latest suggested negative scenario and approached 148.00 levels then rebounded sharply to the upside stabilizing above 152.00. Some intraday bullish momentum is likely targeting 155.10, while breaking 152.00 will bring the downside move back.
Levels in GBP/JPY
Without there being any top tier data today for the calendar, before tomorrows BOJ interest rate meeting, 152.30, 152.00 and 151.50 comes as next support levels.