26 May 2015
GBP/JPY extends gains above 189.00
FXStreet (Córdoba) - GBP/JPY has been rising constantly since the Asian session and printed a fresh high at 189.61.
Eyes again on 190.00
Currently it trades near the highs at 189.45/50, up 0.78% for the day and it has been able to eared Friday’s losses, when it dropped sharply. Price is back near the key 190.00 area.
The pair is rising amid a decline of the Japanese yen in the market, despite risk aversion, weakened by the rally of USD/JPY above 122.00, to fresh muti-year highs. The pound is also falling against the US dollar.
GBP/JPY short term technical level
To the downside support might lie at 189.15 (American session low), 188.65 and 187.85 (daily low). On the opposite direction resistance could be seen at 189.60 (daily high), 190.00 and 190.35.
Eyes again on 190.00
Currently it trades near the highs at 189.45/50, up 0.78% for the day and it has been able to eared Friday’s losses, when it dropped sharply. Price is back near the key 190.00 area.
The pair is rising amid a decline of the Japanese yen in the market, despite risk aversion, weakened by the rally of USD/JPY above 122.00, to fresh muti-year highs. The pound is also falling against the US dollar.
GBP/JPY short term technical level
To the downside support might lie at 189.15 (American session low), 188.65 and 187.85 (daily low). On the opposite direction resistance could be seen at 189.60 (daily high), 190.00 and 190.35.