4 Sep 2013
GBP/JPY capped at 156.02
FXstreet.com (London) - GBP/JPY ticked above the figure marking a high of 156.02 on the day.
GBP/JPY is going to be supported by the continued strong data performances from the UK while the JPY is going to come into focus with BoJ and payrolls in the US at the end of the week. The US payrolls will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold,” and subsequently, the USD/JPY could be a GBP/JPY mover.
GBP/JPY levels
The 20 DMA is 152.40, the 50 DMA is 151.65 and the 200 DMA is 147.00. RSI (14) reads 64.39. Supports are ascending from 152.85, 153.05, 153.50, 154.30, and 155.05/20 while spot is currently 155.77. Resistances are 156.10, 156.75 and 156.85.
GBP/JPY is going to be supported by the continued strong data performances from the UK while the JPY is going to come into focus with BoJ and payrolls in the US at the end of the week. The US payrolls will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold,” and subsequently, the USD/JPY could be a GBP/JPY mover.
GBP/JPY levels
The 20 DMA is 152.40, the 50 DMA is 151.65 and the 200 DMA is 147.00. RSI (14) reads 64.39. Supports are ascending from 152.85, 153.05, 153.50, 154.30, and 155.05/20 while spot is currently 155.77. Resistances are 156.10, 156.75 and 156.85.