4 Dec 2013
GBP/JPY spikes up to tackle 168.20 resistance
FXstreet.com (London) - GBP/JPY has jumped to the key resistance on the 168 handle.
GBP/JPY is trading 168.20 post Australian GDP which has moved markets as the only key data across the wires for the region and certainly until comes into the spot light again this week. The BoE is on Thursday, after PMI’s tomorrow and then consumer inflation expectations on Friday.
GBP/JPY Levels
The 20 DMA is 162.10, the 50 DMA is 159.40 and the 200 DMA is 152.90. RSI (14) 45.25. Supports are ascending from 166.50, 166.85, 167.40. Spot is 168.20 while resistances at 168.20 holding, next is at 168.80, 170.00, 170.45, 173.00 and then 173.65.
GBP/JPY is trading 168.20 post Australian GDP which has moved markets as the only key data across the wires for the region and certainly until comes into the spot light again this week. The BoE is on Thursday, after PMI’s tomorrow and then consumer inflation expectations on Friday.
GBP/JPY Levels
The 20 DMA is 162.10, the 50 DMA is 159.40 and the 200 DMA is 152.90. RSI (14) 45.25. Supports are ascending from 166.50, 166.85, 167.40. Spot is 168.20 while resistances at 168.20 holding, next is at 168.80, 170.00, 170.45, 173.00 and then 173.65.