20 Aug 2013
GBP/JPY, capped at 152.6
FXstreet.com (Chicago) - GBP/JPY dropped below 152.00 zone earlier in the day as the yen strengthened. Throughout the American trading session, the pound stepped up against the yen that retreated modeling the Nikkei 225’s losses at -2.63%.
Slower pace
In Japan, the All Industry Activity Index for June failed short to meet expected -0.5% settling for -0.6%. In the UK, public sector net borrowing along housing market data is expected tomorrow at 10:00 GMT. The pound slowed down its performance against major currency pairs but remains on steady climb against the yen.
Technical Levels, inconclusive peak movement
Technically speaking, the pair trades at 152.32 approaching immediate support at 152.33 (July 4th highs) ahead of 152.00 (August 13th highs) followed by 1.5172 (August 19th lows) with resistances at 152.65 (August 16th highs), 152.96 (August 15th highs) ahead of 153.22 (August 15th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis with a neutral EMA20.
Slower pace
In Japan, the All Industry Activity Index for June failed short to meet expected -0.5% settling for -0.6%. In the UK, public sector net borrowing along housing market data is expected tomorrow at 10:00 GMT. The pound slowed down its performance against major currency pairs but remains on steady climb against the yen.
Technical Levels, inconclusive peak movement
Technically speaking, the pair trades at 152.32 approaching immediate support at 152.33 (July 4th highs) ahead of 152.00 (August 13th highs) followed by 1.5172 (August 19th lows) with resistances at 152.65 (August 16th highs), 152.96 (August 15th highs) ahead of 153.22 (August 15th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis with a neutral EMA20.