26 Jul 2013
GBP/JPY still unable to overcome the 153 level
FXstreet.com (Barcelona) - The GBP/JPY foreign exchange cross rate is last quoted at 152.71, a -0.58% lower from previous Asia-Pacific open yesterday, mostly on the back of Yen strength, even though Pound also strengthened, but not as much as Yen.
GBP/JPY flattening around the 152 figure
The GBP/JPY cross has been already since early April trading around current quotes, with 50 DMA now flattened below current price at around the 152 figure, and volatility at around fresh 2-month lows, with 150 pips daily range on average for last 14 trading days. Later on Japan CPI at 23:30 GMT will be key risk event for the Asian session this Friday.
GBP/JPY key technical levels
Immediate support to the downside for GBP/JPY lies at multiple weekly lows Monday/Tues/yesterday's 152.34/25, followed by past Friday's lows/July 17 highs at 152.15/12, and July 15 highs at 151.40. To the upside, closest resistance shows at current levels as Wednesday's lows 152.73, followed by recent session highs at 153, and Wednesday's NY session lows at 153.35.
GBP/JPY flattening around the 152 figure
The GBP/JPY cross has been already since early April trading around current quotes, with 50 DMA now flattened below current price at around the 152 figure, and volatility at around fresh 2-month lows, with 150 pips daily range on average for last 14 trading days. Later on Japan CPI at 23:30 GMT will be key risk event for the Asian session this Friday.
GBP/JPY key technical levels
Immediate support to the downside for GBP/JPY lies at multiple weekly lows Monday/Tues/yesterday's 152.34/25, followed by past Friday's lows/July 17 highs at 152.15/12, and July 15 highs at 151.40. To the upside, closest resistance shows at current levels as Wednesday's lows 152.73, followed by recent session highs at 153, and Wednesday's NY session lows at 153.35.