25 Mar 2015
GBP/JPY hits fresh highs above 178.00
FXStreet (Córdoba) - The pound is rising against the yen after posting yesterday the lowest daily close since February 3. Recently GBP/JPY printed a fresh daily high at 178.29 and currently trades at 178.15, up 40 pips for the day so far.
GBP/JPY with support between 177.00 and 177.50
The pair continues to move with a bearish bias in the short term. The decline of last week and also on Tuesday found support above 177.00. The area above 177.00 has become a key support; below here the next lies at 175.40/60 (January lows).
On the opposite direction, the area between 180.20 and 180.50 is an important short term resistance, that has been limiting the upside during the last two weeks.
GBP/JPY with support between 177.00 and 177.50
The pair continues to move with a bearish bias in the short term. The decline of last week and also on Tuesday found support above 177.00. The area above 177.00 has become a key support; below here the next lies at 175.40/60 (January lows).
On the opposite direction, the area between 180.20 and 180.50 is an important short term resistance, that has been limiting the upside during the last two weeks.