23 Aug 2013
GBP/JPY pulls back from 3-month high
FXstreet.com (Córdoba) - The British pound weakened broadly at the beginning of the American session and surrendered gains versus most competitors.
GBP/JPY holds onto gains
As for GBP/JPY, the pair pulled back after hitting a 3-month high of 154.66 in the wake of the UK GDP upward revision, but managed to cling to positive ground. At time of writing, GBP/JPY is trading at the 154.00 area, still 0.1% above its opening price.
Levels for GBP/JPY
In terms of technical levels, if GBP/JPY breaks below 154.00 next supports are seen at 153.80 (daily low) and 153.10 (100-hour SMA), while resistances could be found at 154.50 (intraday level) and 154.66 (daily high).
GBP/JPY holds onto gains
As for GBP/JPY, the pair pulled back after hitting a 3-month high of 154.66 in the wake of the UK GDP upward revision, but managed to cling to positive ground. At time of writing, GBP/JPY is trading at the 154.00 area, still 0.1% above its opening price.
Levels for GBP/JPY
In terms of technical levels, if GBP/JPY breaks below 154.00 next supports are seen at 153.80 (daily low) and 153.10 (100-hour SMA), while resistances could be found at 154.50 (intraday level) and 154.66 (daily high).