10 Jan 2014
GBP/JPY bottoming ahead of 171.00
FXstreet.com (Guatemala) - GBP/JPY has dropped from 173.00, through 172.00 and is building a consolidation pattern on the handle.
GBP/JPY has benefitted from the fall out in the dollar, with USD/JPY plummeting post the Non farm Payrolls shocker. The Non Farm Payrolls reading registered at 74k, against expectations of 196k, and 241k and (revised) previous.
GBP/JPY Levels
The 20 DMA is 171.30, the 50 DMA is 166.55 and the 200 DMA is 156.80. RSI (14) reads 60.07. Supports are ascending from 170.40, 170.80, 171.30,
171.80, 172.90, 173.15, 173.65, 173.95 and 174.85.
GBP/JPY has benefitted from the fall out in the dollar, with USD/JPY plummeting post the Non farm Payrolls shocker. The Non Farm Payrolls reading registered at 74k, against expectations of 196k, and 241k and (revised) previous.
GBP/JPY Levels
The 20 DMA is 171.30, the 50 DMA is 166.55 and the 200 DMA is 156.80. RSI (14) reads 60.07. Supports are ascending from 170.40, 170.80, 171.30,
171.80, 172.90, 173.15, 173.65, 173.95 and 174.85.