10 Jun 2013
GBP/JPY reaches 10-day high
FXstreet.com (Córdoba) - GBP/JPY rose above 154.00 during the American session, extending it s recovery from an 8-week low of 148.14 scored last Friday.
With yen weakness as the main feature, JPY crosses are the only movers in a quiet Monday session, with GBP/JPY having climbed over 230 pips throughout the day to hit a 10-day high of 154.15 in recent dealings.
At time of writing, GBP/JPY is trading at the 154.00/10 area, where it posts a 1.4% gain since opening, with immediate resistances at 154.15/20 (daily high/May 31 high) and 154.55 (May 28 high). On the downside, supports could be faced at 152.75 (10-day SMA) and 151.75 (daily low).
With yen weakness as the main feature, JPY crosses are the only movers in a quiet Monday session, with GBP/JPY having climbed over 230 pips throughout the day to hit a 10-day high of 154.15 in recent dealings.
At time of writing, GBP/JPY is trading at the 154.00/10 area, where it posts a 1.4% gain since opening, with immediate resistances at 154.15/20 (daily high/May 31 high) and 154.55 (May 28 high). On the downside, supports could be faced at 152.75 (10-day SMA) and 151.75 (daily low).